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HIFR Infrareit, Inc.

21.11
0.00 (0.00%)
18 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Infrareit, Inc. NYSE:HIFR NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 21.11 0 01:00:00

Sharyland Closes Deal With Sempra Energy

16/05/2019 11:09pm

Dow Jones News


INFRAREIT, INC. (NYSE:HIFR)
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   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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