Power plant securitization: coming to a state capitol near you

by John Farrell, ILSR

As clean energy advocates urge retirement of fossil fuel power plants, securitization has become a billion-dollar word with huge implications for who will pay for and who will own the clean energy future.

Already, securitization has shown up in several state clean energy laws. Colorado legislators have been refining a power plant securitization bill (HB 1037) several times this session. In New Mexico, the “Energy Transition Act” signed in April 2019 includes securitization of retiring Public Service Company power plants. In Florida, Duke Energy has cut the costs of paying off retired power plants with securitization powers enacted over a decade ago. The Colorado bill sponsor is “‘actively talking‘ to colleagues in Minnesota, Utah and Montana about the proposal.”

So, what is securitization, and how does it play a role in a clean energy transition?

Read more: https://ilsr.org/power-plant-securitization-coming-to-a-state-capitol-near-you/

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