© 2015 The Texas Lawbook.
By Jeffrey Weiss of The Dallas Morning News
(March 25) – Texas electric power customers will need to wait a year or so to find out if a buyout plan of Oncor approved Thursday by the Public Utility Commission will affect their rates.
In fact, there are still questions about whether conditions imposed by the PUC will challenge the plan crafted by a group of investors led by Dallas billionaire Ray L. Hunt and his son, Hunter Hunt.
The Hunt group wants to buy part of the state’s largest utility. Energy Future Holdings went into bankruptcy in 2014. The Hunt group wants one piece: Oncor, which owns about 119,000 miles of transmission and distribution lines that deliver power to more than three million homes and businesses in North and West Texas.
Read more details here from our partners at The Dallas Morning News.
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