Tietjen wrote that Hunt’s plan to avoid paying income taxes would amount to a “substantial transfer of wealth from ratepayers to shareholders” totaling nearly $250 million each year.
Hunt’s plan is complicated, and it’s never been tried for a utility this big.
Keep reading at the Texas Tribune.
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.