As problem solvers jump on this with ideas about how to make a securitization bailout work, let's fantasize about a world in which the legislature establishes clean energy policy and the market closes the plants.
Kansas securitization https://www.utilitydive.com/news/kansas-considering-securitization-for-aging-coal-plants-but-caution-urged/570350/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202020-01-14%20Utility%20Dive%20Newsletter%20%5Bissue:25114%5D&utm_term=Utility%20Dive … via @UtilityDive
Ratepayer-backed securitization may work for electric, but for gas, the problem is that the number of ratepayers will decline -- causing rates to rise and accelerating ratepayer loss. If a gas utility securitizes, who will back the bonds? Taxpayers? Electric ratepayers?
