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Possible hundreds of billions in US power plant securitizations spur ratepayer protection debate


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Securitization is a financial tool that can reduce utility debt with low interest bonds secured by ratepayers, and with utilities  growing costs related to COVID-19, the energy transition, and climate change, interest is accelerating.
But utilities and their customers are facing hundreds of millions or even billions of dollars in such costs, which is raising oversight concerns. When oversight has been introduced, it has led to lower interest rates and lower transaction costs, stakeholders in such proceedings told Utility Dive.
Duke Energy s $1 billion proposal to use securitization to meet storm recovery expenses in North Carolina provides the criteria necessary for the commission to evaluate Duke Energy s proposed transactions, Duke spokesperson Meredith Archie said in an email. It allows the commission to determine whether and to what extent it wants to be involved in the transaction once it issues its order. ....

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Goodnight Ranch added to list of Texas state historic sites


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The Charles and Mary Ann Goodnight Ranch State Historic Site has joined the Texas Historical Commission s roster of 31 state historic sites, making it the region s first, according to a news release from the Texas Plains Trail Region.
The property includes the J. Evetts Haley Visitor and Education Center, which offers exhibits about the Armstrong County Museum, the colorful Charles Goodnight and his family, and the history of the cattle industry in the Texas Panhandle.
A Quanah Parker Trail giant arrow marker commemorates the friendship between Goodnight and the legendary war leader Quanah Parker.
“The state of Texas is grateful for this gift from the Armstrong County Museum” said THC Executive Director Mark Wolfe in the release. “The story of Texas is not complete without the stories of the Texas panhandle, and the economic and cultural impact the region has made on the world.” ....

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