Geoffrey Gay, general counsel for the Steering Committee of Cities Served by Oncor, said Anderson raised some of the same questions and concerns that his organization has with regards to Oncor’s possible change of ownership.
“The proposed real estate investment trust is particularly troubling to us, especially given that a REIT has never been employed on such a massive scale,” Gay said. “The acquisition of Oncor merits a thorough regulatory review, and the interests of ratepayers must be a top priority. We’re pleased that Commissioner Anderson appears to share that view.”
Keep reading at Dallas Business Journal.