The Texas Tribune
by Jim Malewitz
Texas regulators on Thursday approved the Ray L. Hunt family’s high-stakes plan to purchase and reshape the state’s largest electric utility. But they added major revisions, prolonging the battle to own Oncor.
The Texas Public Utility Commission granted the Dallas oil family permission to transform the utility into a real estate investment trust, a corporate structure that would pass hundreds of millions of dollars in tax savings directly to shareholders and spur …