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.

Keep reading at Houston Chronicle.