Representative opposes utility securitization language, warns costs could fall on ratepayers
A floor speaker warned a draft securitization provision would allow HECO to pass wildfire-related costs to consumers through a non-bypassable tariff rider and via securitization of unpaid debts.
The full story
A House member rose on the floor to oppose a provision discussed in a measure that, according to the speech, would permit a utility to recover wildfire-related costs through a new non-bypassable tariff rider and by securitizing unpaid utility debt.
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