Buffett Acquires energy Future Holdings

Warren Buffett’s Berkshire Hathaway Energy continues its expansion of its energy holdings as it has announced a $9 billion deal to purchase bankrupt Energy Future Holdings, resulting in the acquisition of its utility subsidiary Oncor—the largest Texas Utility. Berkshire Hathaway continues to purchase regulated utilities as a way to boost its overall credit rating, and its energy unit contributed roughly 9.5% to its $24.07 billion in earnings last year.

For more info: http://www.utilitydive.com/news/buffetts-berkshire-bids-to-buy-oncor-bankrupt-parent-efh/446572/.