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The Public Utility Commission of Texas adopted an order that lets Sharyland Distribution & Transmission Services LLC and its affiliate Sharyland Utilities LP swap their distribution business for certain transmission assets from Oncor Electric Delivery Co. LLC.
During an Oct. 11 open meeting, Commissioners Kenneth Anderson Jr. and Brandy Marty Marquez adopted an order last modified by Commission Chairman DeAnn Walker. Under the swap, first announced in July, Sharyland Utilities would give Oncor all of its retail customers and distribution network in exchange for about 258 miles of Oncor's transmission lines in Central and West Texas. After the transaction closes, which is expected...