Warren Buffett’s Berkshire Hathaway to buy Texas utility co.

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The energy arm of Warren Buffett’s Berkshire Hathaway Inc. will buy Dallas electricity provider Oncor in an all-cash deal valued at $9 billion, according to a statement. Oncor’s parent company Energy Futures Holdings Corp., formerly known as TXU, is in bankruptcy. Earlier this year, the Texas Public Utility Commission shot down Florida-based NextEra Energy’s $18.7 billion proposal to buy Oncor, citing concerns over the independence of Oncor’s board. The regulator also blocked a deal by Ray…


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