Dive Brief:
- Energy Future Holdings may sell Oncor, its transmission and distribution business, as part of a bankruptcy plan.
- Dallas-based Energy Future is preparing to separate Oncor, which has about 3 million customers and 117,000 miles of power lines, from its retail and generation operations.
- Possible buyers include Sharyland Utilities, Centerpoint Energy, ITC Holdings and Warren Buffett.
Dive Insight:
Energy Future Holdings, which bought TXU Corp. for $45 billion in 2007 in the largest leveraged buyout ever, is likely heading into bankruptcy. Regulated operations have become increasingly sought after as unregulated generation businesses have struggled in the last several years because of low wholesale power prices.
