“The generation side triggered a bankruptcy, and we’re now putting together a very complicated and experimental deal to impose on the monopoly side of the business to cover the mistakes made by those fools who loaned money,” said Geoffrey Gay, general counsel for the Steering Committee of Cities Served by Oncor.
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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.