Oncor, Sharyland Complete Asset Exchange
11/10/2017
InfraREIT, Inc. today announced the closing of the asset exchange transaction between the company’s subsidiary, Sharyland Distribution & Transmission Services, L.L.C. and Oncor Electric Delivery Company LLC, in which Sharyland Distribution & transmission Services exchanged its retail distribution assets for a group of Oncor’s transmission assets located in west and central Texas.
Under the terms of the transaction, valued at approximately $400 million, Sharyland Distribution & Transmission Services received approximately 258 miles of 345 kV transmission lines from Oncor, and Oncor received Sharyland’s distribution network and retail delivery customers.
The Public Utility Commission of Texas approved the transaction on Oct. 13, 2017.
Related News
From Archive
Sign up to Receive Our Newsletter
- Texas A&M weighs underground transit plan with Elon Musk's Boring Co. to reduce campus traffic
- Lynchburg, Va., breaks ground on largest-ever Blackwater CSO tunnel project
- Federal court halts permits for 32-mile Tennessee gas pipeline project
- Cadiz to reuse steel from terminated Keystone XL pipeline for California groundwater project
- CGA’s 2023 DIRT report shows fewer utility damages, urges action on locating delays
- Wisconsin proposes new PFAS drinking water standards to align with federal rules
- Dog River pipeline replacement in Oregon improves water supply with new HDPE pipe
- Leaking wastewater systems named top source of San Diego River contamination, study finds
- New Portable Welding System From Miller
- Excavator Causes Puerto Rico Power Outage
Comments