Public utilities chief raises red flags on Hunt plan to buy Oncor

Dallas Business Journal

by Bill Hethcock

Texas Public Utilities Commissioner Ken Anderson today raised concerns about a plan put forth by Dallas-based power company Energy Future Holdings to escape bankruptcy by selling its electricity transmission company Oncor to a consortium led by billionaire Ray L. Hunt and Hunt’s companies.
For the inside story on why Hunt wants Oncor, including extensive comment from Hunt Consolidated Energy CEO Hunter Hunt, read my cover story in this week’s edition.
Anderson filed a memo with the commission Thursday flagging areas of concern for the PUC to consider before voting to reject or approve Oncor’s change-of-control application. If the Oncor deal wins approval in bankruptcy court, the…

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.