TCAP: Low-Cost Deals on Rise, But …

rechargetexas.com

TCAP: Low-Cost Deals on Rise, But Average Electric Prices Historically Higher with Deregulation
Residents in Houston and Dallas can choose among a growing number of competitive electricity deals with prices that meet or beat prices in deregulation-exempt areas of the state, according to a new report from the Texas Coalition for Affordable Power.
What remains unclear, however, is whether the surge of low-cost individual deals in competitive areas of Texas signals a reversal of a long-term trend of higher average prices there.
From 2002 through 2014 the imputed “lost savings” from higher average electric prices in areas with retail electric competition exceeds $24 billion. …

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 …