The sale and transformation of the state’s largest utility into a tax-friendly structure that benefits investors can move ahead, but the Public Utility Commission of Texas on Thursday included some key caveats that could still cause the deal to crater.
A deal to sell Dallas-based Oncor to a consortium led by Dallas billionaire Ray Hunt received regulatory scrutiny over concerns that the new business structure – a real estate investment trust – would send nearly $250 million now collected from ratepayers for federal taxes each year to corporate investors.
Keep reading at Houston Chronicle.
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.