August 23, 2017

As a follow-up from our July story, “Billionaire Investor Warren Buffett Sees Promise in Israel and Texas’ Economy,” Buffett’s initial plans to acquire Texas’ largest electronic transmission unit Oncor have been challenged!

Sempra Energy, an energy firm based in San Diego, California, announced in a press release  on August 21st that it has reached an agreement to acquire Energy Future Holdings Corp., which owns 80% of Oncor, at $9.45 billion--outbidding Buffett by almost half a billion dollars!

In the hopes of reviving Oncor whose parent company Energy Future has had a lon...

July 12, 2017

In the past month, billionaire Warren Buffett made substantial investments in both the Texas and Israeli economy.

In Texas, Buffett’s world-renown conglomerate company, Berkshire Hathaway, announced plans to acquire the state’s largest electric transmission unit, Oncor. Although Oncor dominates in the area of electric distribution and transmission in Texas, its parent company Energy Future Holdings is still recovering from its 2014 bankruptcy file and $50 billion of debt. Although this may be one of the greatest corporate bankruptcies in U.S. history, Buffett is confident...

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