A group of investors led by Dallas energy and real estate mogul Ray L. Hunt made official Tuesday its push to take over Texas’ largest power utility Oncor.
In an application filed with the Texas Public Utility Commission, the Hunt group laid out plans to buy the utility from bankrupt parent company Energy Future Holdings in a deal that values Oncor at between $18 and $19 billion.
Keep reading at Dallas Morning News.
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.