SHB 1656 — Authorizing electrical companies to securitize certain wildfire-related costs to lower costs to customers.

What this bill does

Allows electrical, gas, and water companies to apply to the Utilities and Transportation Commission (UTC) for a financing order authorizing the utility to issue bonds to recover certain costs related to emergency events and disasters. Authorizes the UTC to issue a financing order, if certain specific conditions are met, to allow recovery bondable rate recovery expenditures, issue bonds, and impose separate rate recovery charges on customers. Pledges the state to not impair any financing orders or rate recovery charges until all payments on the bonds and financing costs are fully paid.

From the Washington State Legislature's nonpartisan staff bill analysis. Read the full analysis ↗

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Other bills sponsored by Abbarno

• HB 1002 — Recognizing posttraumatic stress disorder as an occupational disease for county coroners, examiners, and investigative personnel.
• HB 1003 — Addressing service of notice by mail in cases involving forcible entry and forcible and unlawful detainer.
• HB 1039 — Concerning extending governmental services from cities to tribal lands.
• HB 1064 — Eliminating the expiration of the interagency, multijurisdictional system improvement team.
• 2SHB 1990 — Authorizing utility companies to securitize certain costs related to disasters or emergencies to lower costs to customers.