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.
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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.