06 Jul 2017 Berkshire Hathaway Energy is close to a $17.5 billion deal for Oncor ( Portfolio )

Warren Buffett's Berkshire Hathaway Energy is nearing a $17.5 billion deal to acquire Oncor, according to people familiar with the matter.

The specifics of a deal could be announced as soon as Thursday.

Oncor previously received an offer from NextEra Energy that fell through when Texas regulators rejected the deal.