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ARTICLE · 23 MAY 2016

Oncor Over…For Now

Lewis Roca
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The proposal by Hunt Consolidated to purchase Oncor using the financing vehicle of a Real Estate Investment Trust (REIT) has been withdrawn.

United StatesEnergy and Natural Resources
Mark Davidson
Mark Davidson
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The proposal by Hunt Consolidated to purchase Oncor using the financing vehicle of a Real Estate Investment Trust (REIT) has been withdrawn. On May 18, Hunt Consolidated requested that the Public Utility Commission of Texas (PUCT) vacate its previous order approving the acquisition of Oncor, with conditions, and dismiss the proceeding. At its regularly scheduled meeting of May 19, the PUCT rejected the request by Hunt Consolidated for rehearing by which Hunt sought reversal of the conditions imposed in the PUCT's conditional approval of the acquisition back in March. In its approval of the acquisition, the PUCT had indicated that it would require the benefits of using the REIT financing vehicle to come back to ratepayers in a subsequent proceeding.

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