Relating to: securitization of retiring power plants. (FE)

Summary

The bill creates a new statutory category that defines the retirement of any existing electric generating facility that uses nonrenewable combustible energy resources. It also broadens the definition of “environmental control cost” to include capital costs, the unrecovered value of retired property, and demolition expenses that exceed salvage value, while excluding fines or penalties. These changes affect how utilities account for costs when shutting down fossil‑fuel plants.

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