The Dallas Morning News reports that Hunt Consolidated has approached key stakeholders, including PUC Staff and cities with original jurisdiction, with a sweetened change in control proposal to acquire Oncor

While such a plan has yet to be formally made in the Energy Future Holdings' bankruptcy proceedings, the Dallas Morning News reports key details have been shared with PUC Staff and cities.

Notably, according to the Morning News, the plan includes sharing with customers 20% of REIT tax savings, and rate credits for two years.

Although not clear, implementing a rate credit over two years suggests that the credit would be embedded in distribution rates paid by REPs, rather than using a mandatory pass-through of a one-time credit through REPs,

EFH previously reached an agreement to sell itself and Oncor (minus the spun-off competitive businesses) to NextEra Energy, but EFH is not prohibited from soliciting proposals from third parties prior to bankruptcy court approval of EFH entering into the definitive agreement with NextEra Energy.

See The Dallas Morning News for the story and more details

Tags:
Texas   Oncor   M&A   Energy Future Holdings  

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