The bill amends and reenacts R.S. 45:1272(9)(b) and enacts R.S. 45:1281(C) to address the securitization of energy transition costs for electric utilities in Louisiana. It defines "energy transition costs" to include costs incurred by electric utilities related to previously mined coal or lignite, as well as the closure and reclamation of eligible mines. Notably, the bill clarifies that these costs can encompass amounts not previously collected from customers, as well as those that were collected but later ordered to be refunded by the commission. The bill also specifies that energy transition costs do not include any monetary penalties or fines imposed by government agencies or courts.

Additionally, the new legal language allows utilities to finance energy transition costs that were previously collected from customers but subsequently ordered to be refunded, regardless of when the costs were collected or when the refund order was issued. This provision aims to provide clarity and flexibility for utilities in managing their financial obligations related to energy transition costs. The bill will take effect upon the governor's signature or after the designated period for bills to become law without signature.

Statutes affected:
SB51 Original: 45:1272(9)
SB51 Engrossed: 45:1272(9)
SB51 Enrolled: 45:1272(9)
SB51 Act : 45:1272(9)