Gov. Perry Signs Hurricane Recovery Bill for Utilities and Customers
By Vernon T., April 17, 2009, News
On Thursday, April 16, Texas Governor Rick Perry signed into law a way for utilities to recover more quickly from hurricanes and other natural disasters.
Sponsored by Sen. Tommy Williams and Rep. Senfronia Thompson, Senate Bill 769 authorizes the Public Utility Commision of Texas (PUCT) to permit an electric utility to issue low-cost bonds to recover restoration costs and easing the burden of post-disaster recovery on Texas electric companies and their customers.
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