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PacifiCorp outlines securitization tool to speed recovery of prudently incurred utility costs; stakeholders seek guardrails
Summary
PacifiCorp staff presented securitization as a means to recover prudently incurred costs (storms, wildfire mitigation) via AAA‑rated bonds backed by non‑bypassable customer charges; consumer advocates urged tight limits and PSC process protections and the committee deferred action pending further drafting.
PacifiCorp representatives briefed the joint interim Corporations, Elections & Political Subdivisions Committee on securitization on Oct. 22, describing a statutory tool that would let utilities issue bonds secured by a non‑bypassable customer charge to accelerate recovery of prudently incurred costs.
PacifiCorp’s Nikki Cablia told the committee securitization is intended for extraordinary, one‑time costs—examples include storm recovery or wildfire mitigation—and can lower financing costs because rating agencies treat the dedicated customer charge…
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