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Relating to the use of securitization by electric cooperatives to address certain weather-related extraordinary costs and expenses.
No significant fiscal implication to the State is anticipated.
SB 1580 would allow electric cooperatives to utilize securitized financing to recover certain costs caused by the 2021 winter storm. The bill would enable electric cooperatives to issue rate reduction bonds that would be paid back over time rather than frontloading the costs to customers all at once.
As SB 1580 does not pertain to the liberty principles, Texas Action is neutral on this bill.
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