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 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.