“Wall Street speculators seeking to buy Oncor have failed to meet the burden of proving that their deal is in the public interest,” AARP Texas Director Bob Jackson said Friday about the latest filing. “It’s obviously not in the public interest to concoct a clever financing scheme that hands investors a $250 million a year tax windfall on the backs of Texans. The Public Utility Commission of Texas must do its duty and reject the proposed sale of Oncor.”
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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.