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Sempra, EFH merger clears bankruptcy court

The U.S. Bankruptcy Court for the District of Delaware approved Energy Future Holdings Corp.'s restructuring plan as well as its acquisition by Sempra Energy.

The transaction includes Sempra's acquisition of EFH's indirect approximately 80% stake in Texas-based Oncor Electric Delivery Co. LLC.

With the bankruptcy court's sign-off out of the way, an approval by the Public Utility Commission of Texas is the only hold up left for Sempra Energy to see the transaction to its end. The PUCT is expected to consider an order approving Sempra Energy's and Oncor's joint change-in-control application as early as March 8, according to a Feb. 26 news release.