Warren Buffett's Berkshire Hathaway is buying the Texas power transmitter Oncor for $9 billion, one of his biggest acquisitions.
Last year, Berkshire completed the biggest acquisition in its history, a $32-billion deal for aviation parts maker Precision Castparts.
Oncor serves about 10 million people and is the biggest regulated utility in Texas. Its parent company, Energy Future Holdings Corp., entered bankruptcy in 2014 facing more than $40 billion in debt after energy prices plunged.
Berkshire Hathaway will acquire a reorganized Energy Future, ultimately leading to the buyout of Dallas-based Oncor.
It's the third time that that an acquisition attempt has been...