The Berkshire agreement had been opposed by Energy Futures investor Elliott Management, which is led by billionaire Paul Singer. Berkshire had signaled it did not plan to lift its bid. Oncor services about 10 million customers in Texas and employs about 3,700 people. Sempra has about 32 million customers in the US and Mexico and employs about 16,000. "With its strong management team and long, distinguished history as Texas' leading electric provider, Oncor is an excellent strategic fit for our portfolio of utility and energy infrastructure businesses," said Sempra chief executive Debra Reed.
Copyright Agence France-Presse, 2017