Oncor to swap assets with Sharyland Utilities in USD 400m deal
24 JUL 2017
Oncor Electric Delivery Company LLC, a Dallas, Texas-based electricity distributor and transmission provider, will swap distribution assets and customer accounts with Sharyland Utilities, L.P., an Amarillo, Texas-based public utility, in a USD 400m transaction.
In the transaction, SDTS will receive 258 miles of 345 kV transmission lines from Oncor, and Oncor will receive Sharyland's distribution network and retail delivery customers.
This transaction allows Oncor to acquire new customers and continue to expand its service territory.
Oncor Electric Delivery operates the largest distribution and transmission system in Texas, delivering power to more than 3.4 million homes and businesses and operating more than 122,000 miles of transmission and distribution lines in Texas.