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Utilities, consumer advocates tell committee HB 4,077 would add self-insurance to securitization tools

House Committee on Climate, Energy, and Environment · February 10, 2026
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Summary

Portland General Electric and the Oregon Citizens' Utility Board said HB 4,077 would let the Public Utility Commission approve securitization of PUC‑approved self-insurance or captive insurance programs to manage rising wildfire-related insurance costs, while reaffirming the Commission's oversight role under ORS 757.457.

Witnesses told the House committee that HB 4,077 would expand the state's securitization statute to allow the Public Utility Commission to approve securitization of self-insurance or captive insurance programs approved by the PUC.

Jay Tinker, senior manager for rates…

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