Hunt, Investors Back Out of Oncor Purchase Deal

The Texas Tribune

by Johnathan Silver
A Dallas oil family is going back to the drawing board after determining it can’t go forward with its current plan for buying Oncor, the state’s largest electric utility, an attorney for the group told the Texas Public Utility Commission in a Wednesday filing.
Ray L. Hunt’s family had gathered investors in an $18 billion deal to purchase Oncor and convert it into a tax-friendly real estate investment trust. The deal, had it gone …

Leave a Reply

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