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Securitization

Utilities' emergency costs spark surge in ratepayer-funded recovery bonds

by Lily Jamali
Feb 6, 2023
To pay off expenses caused by storms or power plant retirements, utilities are increasingly turning to something called securitization.
More than half of states have legislation allowing utilities to use securitization to pay off massive one-time expenses.
Patrick T. Fallon/AFP via Getty Images
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