Sharyland Closes Deal With Sempra Energy
May 16 2019 - 5:09PM
Dow Jones News
By Stephen Nakrosis
Sharyland Utilities, LLC, a Texas-based electric transmission
utility, on Thursday said it closed a transaction with Sempra
Energy (SRE), under which Sempra now indirectly holds a 50% stake
in Sharyland.
Sharyland also said Stacey Dore has assumed the roles of
president and chief executive.
Sharyland will continue as an independent transmission utility,
with 50% owned by entities controlled by Hunter L. Hunt and other
members of the family of Ray L. Hunt.
Stacey Dore was previously senior vice president and general
counsel of InfraREIT, Inc. (HIFR), and Hunt Utility Services, LLC,
which was the external manager of InfraREIT.
Sharyland said its deal with Sempra Energy is part of a broader
set of transactions, first announced in October 2018, which
included the sale of InfraREIT to Oncor Electric Delivery Company
LLC. Oncor Delivery is majority-owned by Sempra Energy, Sharyland
said.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
May 16, 2019 17:54 ET (21:54 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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