Critics  say a REIT is too unstable and risky to own a significant portion of the state’s electricity transmission. The Hunt decision to give up on the deal is just the logical next step because the financing had already fallen apart, said Geoffrey Gay, an attorney for municipalities in the Oncor service area that oppose the deal. “We’re back to square one as to who is ultimately going to become the [Oncor] owner,” Gay said.

Keep reading at Houston Chronicle.

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