In addition to tax-related issues, those who object to the deal say the REIT is needlessly complicated and not the most efficient way to run a utility. The only other REIT utility in the country is Sharyland, a Texas company owned by the Hunts that serves about 50,000 mostly rural customers.

Keep  reading at Dallas Morning News.

Subscribe To Our Newsletter

Each month, TCAP sends out an e-newsletter covering major events in Texas electricity and advances in public policy. Sign up for the newsletter and check out old newsletters to get caught up on Texas energy.

You have Successfully Subscribed!

Share This