August 21, 2017 – In 2014, Energy Future Holdings (EFH) filed for Chapter 11 Bankruptcy protection. EFH is the majority shareholder in Oncor Electric Delivery (Oncor), owning approximately an 80 percent equity stake in the company.
Oncor is not in bankruptcy, remains financially strong and continues to provide our customers with safe and reliable electric service – at some of the lowest delivery rates in the state – each and every day.
On August 21, 2017, Sempra Energy (NYSE:SRE), announced its intention to acquire EFH’s 80 percent indirect ownership of Oncor for approximately $9.45 billion.
Regardless of who owns our company, Oncor is committed to our customers and the 402 communities that we serve. Our mission is to provide nearly 10 million customers with the safest, most reliable, most affordable electric service in Texas.
Our commitment is unwavering, and our mission will never change.
Thank you for your business.
Chief Executive Officer