Berkshire Hathaway Energy said Friday that it agreed to acquire Energy Future Holdings for $9 billion in cash, a purchase that would eventually hand it the electric-utility giant Oncor.
The deal comes after Energy Future, Oncor’s parent company, filed for bankruptcy protection in 2014 amid the sector’s downturn. Oncor serves electricity to 10 million customers across Texas.
Berkshire Hathaway Energy owns electricity and natural-gas utilities across the US, and this deal would beef up its portfolio.
