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 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.