Committee approves securitization expansion to include PUC‑approved self‑insurance programs
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.
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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.
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