Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee approves securitization expansion to include PUC‑approved self‑insurance programs
Summary
House Bill 40 77 passed from committee with bipartisan support to allow the Public Utility Commission, if it approves, to securitize costs tied to PUC‑approved self‑insurance (captive insurance) programs for utilities; proponents said the tool could help manage rising wildfire and other insurance costs.
The Senate Energy and Environment Committee moved House Bill 40 77 to the Senate floor after testimony from utilities and consumer advocates supporting an expansion of securitization tools that the Public Utility Commission (PUC) may approve.
Chris Little, treasurer for Portland General Electric, told the committee HB 40 77 would add PUC‑approved self‑insurance or captive insurance…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
