Sempra Energy‘s $9.45 billion purchase of the holding company of Oncor Electric Delivery Co. LLC has been approved by the Texas Public Utility Commission, the final OK needed for the deal to be completed. Sempra is acquiring Energy Future Holdings Corp.’s 80% indirect ownership in Oncor.
TheNew Mexico Supreme Court has upheld plans by PNM Resources to close two of the four coal-fired units at the San Juan Generating Station. The New Mexico Public Regulation Commission had approved the plan, but it was challenged by New Energy Economy (NEE). The court said NEE’s stance was “unpersuasive or entirely without merit.” PNM has an integrated resource plan in place to increase reliance on renewables and natural gas-fired power while coal-fired generation is phased out by 2031.
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