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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Is a policy analyst for TCAP, a coalition of cities and other political subdivisions that purchase electricity in the deregulated market for their own governmental use. Because high energy costs can impact municipal budgets and the ability to fund essential services, TCAP, as part of its mission, actively promotes affordable energy policies. High energy prices also place a burden on local businesses and home consumers.