Opposition to the Oncor takeover has erupted on multiple fronts. Texas cities and major businesses warn the complex transaction, which would see the staid utility converted into a real estate investment trust, puts Oncor in danger of financial ruin. The AARP labeled the deal a “shocking risk,” and a staff adviser to the utility commission called it a “transfer of wealth from ratepayers to shareholders” to the tune of some $250 million annually.
Observers say they can’t recall a deal that went before the Texas utility regulators with so little support and such determined opposition.
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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.