Washington SB5465 allows electrical, gas, and water companies to securitize certain costs related to emergency events to lower costs for customers.

The bill enables electrical, gas, and water companies in Washington to use securitization financing for certain costs related to emergency events, aiming to lower costs for customers. The Utilities and Transportation Commission can approve such securitization if it finds that the expenditures are reasonable and prudent, and that financing through rate recovery bonds is more favorable than other methods. The commission can issue a financing order authorizing the creation of rate recovery assets, the issuance of rate recovery bonds, and the imposition of rate recovery charges.

Washington SB5465 allows electrical, gas, and water companies to securitize certain costs related to emergency events to lower costs for customers.

The bill enables electrical, gas, and water companies in Washington to use securitization financing for certain costs related to emergency events, aiming to lower costs for customers. The Utilities and Transportation Commission can approve such securitization if it finds that the expenditures are reasonable and prudent, and that financing through rate recovery bonds is more favorable than other methods. The commission can issue a financing order authorizing the creation of rate recovery assets, the issuance of rate recovery bonds, and the imposition of rate recovery charges.