RÉSUMÉ DIGEST
ACT 149 (SB 51) 2023 Regular Session Milligan
Existing law provides relative to electric utility energy transition securitization.
Existing law defines certain terms including "energy transition costs", which means, if
requested by the electric utility, and as may be approved by the commission, costs incurred
or to be incurred by an electric utility consisting of certain costs, including costs not
previously collected from the electric utility's customers for previously mined coal or lignite
or the closure and reclamation of an eligible mine, including land remediation and liabilities.
New law specifies that the costs for previously mined coal or lignite or for the closure and
reclamation of an eligible mine, including land remediation and liabilities, may include the
following:
(1) Costs not previously collected from the electric utility's customers.
(2)Costs previously collected from the electric utility's customers but subsequently
ordered by the commission to be refunded to customers. Such costs, including any
interest component, ordered to be refunded may be included in the energy transition
costs being financed by the energy transition bonds regardless of whether the refund
credits are given before or after the date the energy transition bonds are issued.
New law provides that a utility may finance energy transition costs that were previously
collected from the utility's customers but were subsequently ordered by the commission to
be refunded to customers regardless of the date the costs were collected or the date the
commission issued the refund order.
Effective June 7, 2023.
(Amends R.S. 45:1272(9)(b); adds R.S. 45:1281(C))