July 7 — Elliott Management Corp., the activist hedge fund may be gumming up the works. Reuters reported Friday afternoon that the firm, run by billionaire Paul Singer, may consider a rival bid for Oncor. Elliott is a major creditor of Energy Future Holdings, which owns most of Oncor and has been working its way through bankruptcy court.
Each month, TCAP sends out an e-newsletter covering major events in Texas electricity and advances in public policy. Sign up for the newsletter and check out old newsletters to get caught up on Texas energy.