Bonds; authorize revenue bonds to be issued to pay for damage to electric utilities caused by the 2026 winter storm.

Summary

The bill lets the Public Service Commission approve a financing order that allows the state to sell revenue bonds to cover repairs to electric utilities caused by the January 2026 winter storm. Utilities must collect a non‑bypassable system restoration charge from their retail customers to service the bond debt. This provides immediate funding for restoration while spreading the cost over time for ratepayers.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share