Oncor Electric Delivery Company, a regulated electricity distribution and transmission business that uses superior asset management skills to provide reliable electricity delivery to consumers acquired InfraREIT, is engaged in owning and leasing rate-regulated electric transmission assets in the state of Texas and is structured as a real estate investment trust, for $21.00 per share in cash, valued at approximately $1.275 bn. After receiving all required approvals, the transaction is expected to close by mid-2019.