The investor consortium led by Hunt Consolidated Inc. plans to seek a rehearing on certain key conditions Texas regulators imposed when they approved the group’s acquisition and restructuring of Oncor Electric Delivery Co. LLC.
The Public Utility Commission of Texas on March 24 conditionally approved a proposal by the Hunt-led group to acquire Oncor and restructure it into a Real Estate Investment Trust, or REIT. The buyers intend to split Oncor into two entities, the Oncor AssetCo, a REIT subsidiary which will own the utility’s transmission and distribution assets, and the customer-facing operating company, described as OEDC, that will lease those assets from the AssetCo and operate them. On April 6, the investor group filed for approval of the lease structure between the two entities, which the PUCT intends to regulate as a tariff.
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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.