Sempra CEO: ‘Very happy’ to be closing in on Oncor deal


San Diego, California-based power company Sempra Energy (NYSE: SRE) anticipates closing a $9.45 billion deal to buy Dallas-based electricity provider Oncor soon after receiving a key state regulator's approval, which is expected to come down next week.

"We see great growth potential in the Texas market," Sempra CEO Debra Reed told analysts Feb. 27. "We are very happy that we are getting close to closing this transaction."

A bankruptcy judge gave approval Feb. 26 for Energy Future Holdings to sell…

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