The proposed Hunt-Oncor deal has drawn a large and diverse group of critics including former Gov. Rick Perry, AARP, the PUC staff, and some cities and customers in the Oncor market.
In part, they think a REIT is too risky to be in charge a significant portion of the state’s electricity transmission and that the result would be higher rates so investors could pocket more money. They also believe the structure is financially unstable and would result in too low of a disaster-reserve fund.
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