LNG

Aug 21 (LNG) - Sempra Energy, the California-based utility and developer of the Cameron LNG export plant in Louisiana, has signed an agreement to acquire Energy Future Holdings Corp., the indirect owner of 80 percent of Oncor Electric Delivery Company (Oncor), operator of the largest electric transmission system in Texas. Sempra said it would pay around $9.45 billion in cash to acquire Energy Future and its ownership in Oncor, while taking a major step forward in resolving Energy Future's long-running bankruptcy case. “It is important for Oncor to remain financially strong,” said Debra L. Reed, Chairman, President and Chief Executive of Sempra. “Our proposal will help bring a satisfactory resolution to Energy Future's bankruptcy case, keep Oncor financially strong, and protect Oncor customers, while addressing the needs of Texas regulators,” added Reed.