Green Touch Builders | Oncor auction passes another deadline Monday
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April 13, 2015 By SEO Admin

Oncor auction passes another deadline Monday

Oncor’s auction reaches another milestone at midnight Monday with the second round of bidding coming to an end.

The largest utility company in Texas is up for grabs because its parent company, Energy Future Holdings, is in Chapter 11 bankruptcy court. As a regulated utility with a monopoly within its service area, Oncor had ring-fence protections from the restructuring.

The auction will be for the 80 percent of Oncor that EFH owns.

The bidding has been confidential so far, with the first round…