Texas Retail Electric Provider Groups Join Oncor-Sempra Acquisition Settlement

Oncor Electric Delivery Company, LLC and Sempra Energy today announced that the Alliance for Retail Markets and the Texas Energy Association for Marketers have joined a settlement agreement for Sempra Energy's pending acquisition of Energy Future Holdings Corp. (EFH), including EFH's indirect, approximate 80-percent ownership of Oncor.

Oncor and Sempra said that the Alliance for Retail Markets and the Texas Energy Association for Marketers, "joined the settlement announced Dec. 14 with Staff of the Public Utility Commission of Texas (PUCT), the Office of the Public Utility Counsel, Steering Committee of Cities Served by Oncor, and Texas Industrial Energy Consumers."

That settlement, as first reported by EnergyChoiceMatters.com, contained a number of provisions related to the retail market that settling parties agreed to as conditions for PUCT approval of the acquisition. See our prior story for a discussion of such conditions, including the provision of customer rate credits