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OregonHB 40772026 Regular SessionHouse

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

Sponsored By: John Lively (Democratic)

Signed by Governor

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

Utilities can fund insurance through customer charges

The law makes approved utility self-insurance and captive insurance programs eligible for bond financing backed by customer charges. Oregon’s Public Utility Commission must approve the insurance program and authorize cost recovery in a financing order. Charges can cover insurance and financing costs and can be adjusted over time. The law does not automatically add a charge or set its amount. It takes effect on the 91st day after the 2026 regular legislative session adjourns.

Sponsors & Cosponsors

Sponsor

  • John Lively

    Democratic • House

Cosponsors

  • Bobby Levy

    Republican • House

  • Janeen Sollman

    Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 90 • No: 3

Senate vote • 3/2/2026

Third reading. Carried by Robinson. Passed.

Yes: 28 • No: 0

Senate vote • 2/25/2026

Energy and Environment: Heard and Reported Out

Yes: 4 • No: 0

House vote • 2/17/2026

Third reading. Carried by Lively. Passed.

Yes: 47 • No: 2

House vote • 2/12/2026

Climate, Energy, and Environment: Heard and Reported Out

Yes: 11 • No: 1

Actions Timeline

  1. Chapter 47, (2026 Laws): Effective date June 5, 2026.

    4/6/2026House

  2. Governor signed.

    3/31/2026House

  3. President signed.

    3/5/2026Senate

  4. Speaker signed.

    3/4/2026House

  5. Third reading. Carried by Robinson. Passed.

    3/2/2026Senate

  6. Second reading.

    2/27/2026Senate

  7. Recommendation: Do pass.

    2/27/2026Senate

  8. Public Hearing and Work Session held.

    2/25/2026Senate

  9. Referred to Energy and Environment.

    2/19/2026Senate

  10. First reading. Referred to President's desk.

    2/19/2026Senate

  11. Third reading. Carried by Lively. Passed.

    2/17/2026House

  12. Second reading.

    2/16/2026House

  13. Recommendation: Do pass.

    2/13/2026House

  14. Work Session held.

    2/12/2026House

  15. Public Hearing held.

    2/10/2026House

  16. Referred to Climate, Energy, and Environment.

    2/2/2026House

  17. First reading. Referred to Speaker's desk.

    2/2/2026House

Bill Text

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