The Internal Revenue Service issued a Private Letter Ruling approving the definition of real property to include electric transmission and distribution assets.
The Public Utility Commission of Texas approved restructuring of Sharyland Utilities, LP's existing assets into the new REIT structure.
Both the Federal Energy Regulatory Commission and the Public Utility Commission of Texas approved the use of the REIT structure in the acquisition of Cap Rock Energy Corporation and NewCorp Resources Electric Cooperative. All transmission and distribution assets were moved into the REIT structure, and all employees and operations were transferred to Sharyland Utilities, LP.
Formed Electric Infrastructure Alliance of America with aggregate capital commitments of $2.1 billion.
Sharyland Utilities, LP completed construction of approximately 300 miles of transmission lines and four substations in the Texas Panhandle as part of the Competitive Renewable Energy Zone (CREZ) initiative.
- 2014 Changed REIT name from Electric Infrastructure Alliance of America to InfraREIT, Inc.