Oncor GC: 'There is only one deal on the table'

© 2017 The Texas Lawbook.By Jon Prior of the Dallas Business Journal (Aug. 7) – Oncor General Counsel Allen Nye will become the utility’s CEO. In an exclusive interview, Nye discusses negotiations with Warren Buffett, the Energy Future Holdings bankruptcy and how the Texas Public Utility Commission will view the proposed deal with Berkshire Hathaway. Nye is a former partner at Vinson & Elkins. He received a law degree from St. Mary’s University School of Law and a bachelor’s in economics from Texas A&M University. DBJ: When did you first meet with Berkshire about this deal? What was the meeting like? Nye: Before we begin, let me make it clear that while the Energy Future Holdings (EFH) bankruptcy proceedings have received quite a bit of media attention, I want Oncor customers to know that our focus has never wavered. We remain committed to delivering safe, reliable affordable electric service to help power our state’s economy. To your question, Oncor had discussions with Berkshire Hathaway Energy after NextEra Energy’s change-in-control application was denied by the Public Utility Commission of Texas. Berkshire Hathaway Energy (BHE) was very clear with us that they wanted to wait until the Commission made their decision –…