The sale is merely a transfer of wealth from millions of Texas ratepayers to the suit pockets of hedge fund managers and bankers. It relies on a clever financing scheme, what lawyers call a real estate investment trust, to buy Oncor. And for the wealthy financiers, the REIT is as attractive of an arrangement as anything Wall Street could ever concoct.
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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.