On Thursday, February 11, 2016, Texas Tribune released an article
titled “Texas Regulators Uncertain on Hunt Deal” by Jim Malewitz. The article
states that the Texas Regulators are still skeptical of allowing the Ray L Hunt
family to purchase and revise the states biggest electric utility company, Oncor
for $18 billion. The opposition comes from Texas ratepayers that believes the new
scheme will tremendously transfer wealth to the Hunt family and investors.
Consequently, losing currency for organizations like the states teacher pension
fund, hedge fund and banks. Although supporters are insisting that the deal is
positive and will help the company out of bankruptcy, many skeptics question
the sincerity of the Hunt’s plan. The arrangement converts Oncor’s corporate
structure into a Real Estate Investment Trust, that many believe could leave it
financially unstable. With a deadline quickly approaching, regulators must come
up with an idea much sooner than later. I believe this article is interesting
and worth reading because the outcome could affect so many people and
organizations. I don’t feel that we should lose funding for teacher pensions to
help a company that is willing to pay $18 billion for the purchase.
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