Texas lawmakers raised tough questions Wednesday about plans by the the state’s largest pension system to invest up to $250 million of teacher retirement funds in the Ray L. Hunt family’s bid to buy and reshape Oncor, the mammoth electric utility.
The Teacher Retirement System of Texas has set aside the $250 million for a stake in the Dallas oil family’s closely watched — and controversial — effort to remake Oncor into a real estate investment trust, Brian Guthrie, the fund’s executive director, told the Senate Committee on State Affairs at a hearing.
Keep reading at Texas Tribune.
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.