AEP Texas and Oncor Electric Delivery (Oncor) have received approval from the Public Utility Commission of Texas (PUCT) on November 14, 2019 for its Sale, Transfer or Merger (STM) joint application filed with the PUCT seeking approval of the sale to AEP Texas of Oncor's distribution assets in the southern most part of Oncor's service territory in the Rio Grande Valley.
The proposed transaction between AEP Texas and Oncor closed on November 21, 2019, and the transition of Oncor's customers to AEP Texas is planned to begin on December 3, 2019. The completion of the customer transition currently is planned for the billing cycle beginning on December 20, 2019.