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Oncor Announces Asset Swap with Sharyland Utilities and Sharyland Distribution & Transmission Services

Published: 07-24-2017

Vinson & Elkins advised Oncor Electric Delivery Company, L.L.C. in connection with its agreement with Sharyland Utilities, L.P. (“Sharyland”) and Sharyland Distribution & Transmission Services, L.L.C. (“SDTS”) to swap assets in a transaction valued at approximately $400 million. 

After successful close of the transaction, SDTS will receive approximately 258 miles of 345 kV transmission lines from Oncor, and Oncor will receive Sharyland’s distribution network and retail delivery customers. 

The V&E team was led by partners Matt Henry and Chris Rowley. Also advising were associates Abby Branigan, Austin Elder and KJ Pedersen; partners Jo Ann Biggs and Myles Reynolds, counsel Jaren Taylor and Tab Urbantke and associate Lauren Freeland; partner David Peck and associates Brian Russell and Lauren Meyers; partner Randy Jurgensmeyer and associates Julie Monier, Courtney Hammond and Kevin Koskovich; partner Dick Adams and senior associate Taylor Holcomb; partners Sean Becker and David D'Alessandro and associate Steven Oyler; partner Peter Mims; and partner Billy Vigdor and associates John Andren and Ryan Will.

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