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T.R.U.S.T.

How Oklahoma’s securitization plan intends to limit storm-related utility bills

NON DOC

By Tres Savage

April 12, 2021 State officials announced two pieces of legislation this afternoon to authorize utilities, municipal power authorities, hospitals, school districts and other entities to securitize their gas-bill debts related to the historic February winter storm. “It doesn’t directly obligate the authority of the state or the appropriations of the state. We think this is the best possible outcome in a bad situation,” said Secretary of Energy and Environment Ken Wagner. “It’s not without work, it’s not without figuring out that system and how it works for that particular municipal power authority, hospital or school district or whatever it might be.”


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