|
|
|
|
Hunt Companies Ask Texas PUC To Vacate Oncor Change-in-Control Order, Say Transaction Will Not Close
Various Hunt Consolidated companies that had received approval, subject to conditions, from the Public Utility Commission of Texas to acquire Oncor have asked the PUCT to vacate the approval order, stating that the contemplated transaction will not close.
The Hunt companies said that they are continuing to pursue a transaction to acquire Oncor
"Since their May 2 request that the Commission continue the rehearing process, the Hunt Entities have determined that, as a result of the termination of the Merger Agreement and related events, the transaction as proposed in this proceeding and described in the March 24 Order will not close. The Hunt Entities are continuing to pursue a transaction that will allow for local control of Oncor Electric Delivery Company, L.L.C. ('Oncor') and, if and when such transaction is ready for consideration by the Commission, will file a new application pursuant to PURA §§ 14.101, 37.154, 39.262(1)-(m), and 39.915. Accordingly, the Hunt Entities respectfully request the Commission grant rehearing for the purpose of vacating the March 24 Order and dismissing this proceeding without prejudice. The Hunt Entities are also filing a withdrawal of their Application in Docket No. 45815 relating to approval of the initial leases and rates of Oncor AssetCo, L.L.C. and by this filing are expressly not waiving and instead are reserving all rights and remedies," the Hunt companies said
ADVERTISEMENT Copyright 2010-16 Energy Choice Matters. If you wish to share this story, please
email or post the website link; unauthorized copying, retransmission, or republication
prohibited.
May 19, 2016
Email This Story
Copyright 2010-16 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
NEW Jobs on RetailEnergyJobs.com:
• NEW! -- Door to Door Sales Team Manager -- Retail Supplier
• NEW! -- Gas Scheduler -- Retail Supplier
• NEW! -- Power and Natural Gas Business Development Manager -- Retail Supplier
• NEW! -- Sales Channel Manager -- Retail Supplier
• NEW! -- Billing Manager -- Retail Supplier -- Houston
• NEW! -- Account Associate / Account Manager -- Retail Supplier
• NEW! -- Director of Commercial Sales -- Retail Supplier -- Houston
• NEW! -- VP, Business Development -- Retail Supplier
• NEW! -- Operations Manager -- Retail Provider -- Houston
• NEW! -- Channel Sales Manager -- Retail Provider
• NEW! -- Energy Sales Analyst -- Retail Provider -- DFW
• NEW! -- Renewable Energy Compliance Analyst
• NEW! -- Retail Energy Analyst -- Retail Provider -- Houston
• NEW! -- Sales Support Specialist -- Retail Supplier
• NEW! -- Director of Channel Sales, Mass Markets -- Retail Provider
• NEW! -- Sales Operations Director -- Retail Provider
|
|
|