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.

Subscribe To Our Newsletter

Each month, TCAP sends out an e-newsletter covering major events in Texas electricity and advances in public policy. Sign up for the newsletter and check out old newsletters to get caught up on Texas energy.

You have Successfully Subscribed!

Share This