HB 4077: Relating to the securitization of a public utility's insurance program; and prescribing an effective date.

Summary

Lets a public utility raise money for insurance costs. Takes effect 91 days after sine die. (Flesch Readability Score: 61.2). Authorizes a public utility, upon approval by the Public Utility Commission, to issue bonds and securitize debt for costs and expenses incurred or to be incurred by the public utility associated with a self-insurance or captive insurance program. Takes effect on the 91st day following adjournment sine die.

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Apr 6, 2026

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