A Delaware bankruptcy court has approved Sempra Energy’s proposed $9.45 billion acquisition of Energy Future Holdings Corp. (EFH), the indirect owner of 80% of Texas-based Oncor Electric Delivery Co. The enterprise value of the utility deal, expected to close in 2018, is estimated at $18.8 billion, including debt. Approvals still are required by the Texas Public Utilities Commission, Federal Energy Regulatory Commission and U.S. Department of Justice.
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