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OregonHB 40772026 Regular SessionHouseWALLET

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

Sponsored By: John Lively (Democratic)

Became Law

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 0 benefits, 1 costs, 2 mixed.

Utility bond costs added to bills

The Public Utility Commission can issue a financing order. It creates a rate recovery asset, lets utilities issue bonds, and allows charges on customer bills. The Commission can adjust those charges over time to keep bond payments current. Recoverable costs include interest, premiums, taxes, fees, reserve funds, and some PUC costs. Approved self-insurance or captive insurance program costs also qualify and can be financed this way.

When these utility bond rules start

The law takes effect on the 91st day after the 2026 regular session adjourns sine die. That is when these utility bond rules apply unless a provision says otherwise.

Who can hold utility bond assets

The law defines who can be a finance subsidiary when bonds are issued. It can be a company the utility owns or a trust it set up. It can also be an unaffiliated buyer if the PUC approves the deal. This change mainly affects utilities and investors, not most households.

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

  • Enrolled

    3/2/2026

    PDF

  • Introduced

    1/28/2026

    PDF

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