July 10 — Under the terms of the Oncor deal, Sempra bought out the Texas utility’s previous owner, Energy Futures Holdings, which declared bankruptcy in 2014.
Energy Futures Holdings was beset by a number of financial problems, including complications due to falling natural gas prices. By contrast, Oncor has been a consistent moneymaker, posting a $431 million profit in 2016, and described by at least one analyst as a “jewel asset.”
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.