(Reuters) - The energy unit of Warren Buffett's Berkshire Hathaway Inc (BRKa.N) is nearing a deal to acquire Oncor Electric Delivery Company LLC [TXEFHO.UL], which would allow the utility to exit a three-year-long bankruptcy, according to people familiar with the matter. Berkshire Hathaway had been among the leading bidders for Energy Future Holding Corp's Oncor Electric Delivery in earlier auctions for the bankrupt utility, according to the sources. REUTERS/Rick Wilking

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 U.S. electricity transmission companies. Berkshire's commitments appear "to meet many of the objections that were raised about the NextEra acquisition," Tom Smith, director of special projects for the Texas office of Public Citizen, a consumer group, said by phone Friday. State regulators have rejected two previous attempts to buy the Oncor assets noting they were not in the public interest, but Berkshire, led by the folksy Buffett, 86, projected confidence that it would win support and has said the deal would close in the fourth quarter.
Berkshire Hathaway Inc. agrees to pay USD $9 billion to buy the parent of Texas power transmission company Oncor Electric Delivery.