While Hunt says it will continue to pursue the acquisition, Bloomberg reports the withdrawal of its offer could open the door for other suitors — notably NextEra, which has already shown interest. Last November, as regulators considered the Hunt proposal, NextEra made an unsolicited offer for Oncor, saying its plan to buy the company could pass regulatory muster easier than the REIT structure.
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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.