My cover story in this week’s print edition examines a plan put forth by Dallas-based power company Energy Future Holdings to escape bankruptcy by selling its electric transmission company Oncor to a consortium led by billionaire Ray L. Hunt and Hunt’s companies.
The Hunt consortium plan calls for placing Oncor into a real estate investment trust — an unusual corporate structure for a utility, and especially one as big as Oncor. The change also has implications for the power grid and for ratepayers.…
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