Texas’ utility commission is expected to decide Thursday whether to approve the sale and transformation of the state’s largest power transmission business into a structure that passes on tax savings to investors.
The deal to sell Dallas-based Oncor to a consortium led by Dallas billionaire Ray Hunt is being held up by the Public Utility Commission of Texas over concerns that the new structure – a real estate investment trust – would send nearly $250 million now collected from ratepayers for federal taxes each year to corporate investors.
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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.