Warren Buffett’s Berkshire Hathaway Energy is nearing a deal to acquire Oncor, one of the nation’s largest electric utility companies, according to people familiar with the matter.
According to a Wall Street Journal report, specifics of the more than $17.5 billion deal could be announced as soon as Thursday.
The Wall Street Journal reported that the deal’s total value is less than the $18.4 billion offer Oncor received from NextEra Energy in a deal with Energy Future Holdings in July 2016.
