They involve risks, uncertainties and assumptions. Forward-looking statements are not guarantees of performance. These statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "contemplates," "assumes," "depends," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions or discussions of guidance, strategies, plans, goals, opportunities, projections, initiatives, objectives or intentions. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Including Oncor, the Sempra Energy companies' approximately 20,000 employees serve 43 million consumers worldwide. Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2017 revenues of more than $11 billion. ![]() ![]() Using cutting-edge technology, more than 3,900 employees work to safely maintain reliable electric delivery service to over 11 million Texans. Headquartered in Dallas, Oncor is a regulated electric transmission and distribution service provider, made up of approximately 134,000 miles of lines and nearly 3.5 million advanced meters, making it the largest utility in Texas. Sempra Energy entered into the agreement to acquire EFH Aug. Bankruptcy Court for the District of Delaware provided its final approval last month. The Public Utility Commission of Texas approved Sempra Energy's and Oncor's joint Change-in-Control application yesterday. "Sempra Energy will be a great partner in our mission to provide the safest, most reliable and affordable electric service to our customers." "We are thrilled to have a financially strong and dynamic majority owner in Sempra Energy," said Nye. Allen Nye, who has been serving as Oncor's senior vice president and general counsel, now becomes Oncor's CEO, succeeding Bob Shapard, who becomes Oncor's chairman. Oncor will remain headquartered in Dallas. Oncor is an exceptional utility and we plan to provide the support it needs to continue to safely and reliably meet the needs of its millions of customers and the expanding economy in Texas." utility earnings and create a broader platform for our expansion in the future. "We expect the addition of Oncor to diversify our base of U.S. Reed, chairman, president and CEO of Sempra Energy. "The completion of this acquisition – the biggest in our 20-year history – represents an important milestone in the execution of our growth strategy moving forward," said Debra L. ![]() The close of the transaction creates a utility holding company with the largest U.S. (EFH), including EFH's approximate 80-percent indirect ownership interest in Oncor Electric Delivery Company LLC (Oncor). We welcome the opportunity to assist our customers in determining if we can add value at other locations that may be outside of Encore's primary market area.SAN DIEGO and DALLAS, Ma/PRNewswire/ - Sempra Energy (NYSE: SRE) today completed its $9.45 billion acquisition of Energy Future Holdings Corp. We respect our customers' valuable time and are committed to making the customer experience fast, friendly and complete.Įncore's focus and primary area of operation as a natural gas marketer and supplier is the Midwest region of the United States including the states of Arkansas, Colorado, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, Oklahoma, South Dakota, and Wisconsin. Encore puts its customers' needs first and foremost throughout the entire business relationship from initial contact through timely and accurate invoicing. Encore Energy Services is a premier retail energy company in North America specializing in supplying natural gas commodity and energy-related services to commercial and industrial end-users.
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