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.
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Is a policy analyst consultant for TCAP, a coalition of political subdivisions in Texas that purchase electricity in the deregulated market for their own governmental use. Because energy costs are typically a significant budget item to our members, TCAP is consistently looking for ways to save our members money, through cost-saving contracts, energy efficiency or demand response programs.