Warren Buffett's Berkshire Hathaway Inc said on Friday it agreed to pay $9 billion to buy the parent of Texas power transmission company Oncor Electric Delivery Co, stepping up its pursuit of steady profits from utilities and infrastructure deals. If the all-cash purchase wins approval from federal and state regulators and a bankruptcy judge, Buffett's Berkshire Hathaway Energy unit will assume control of one of the largest US electricity transmission companies. "Buffett views infrastructure bets as a good long-term investment," said Steven Check, president of ...
Warren Buffett bets big on power with $9-billion Oncor deal
With this, Berkshire Hathaway steps up its pursuit of steady profits from utilities and infra deals
Reuters Last Updated at July 8, 2017 05:03 IST