Oregon legislation · 2026 Legislative Measures
Oregon HB4077: Relating to the securitization of a public utility's insurance program; and prescribing an effective date.
Status: Chaptered, April 6, 2026
Digest: Lets a public utility raise money for insurance costs. Takes effect 91 days after sine die. (Flesch Readability Score: 61.2). Authorizes a public utility, upon approval by the Public Utility Commission, to issue bonds and securitize debt for costs and expenses incurred or to be incurred by the public utility associated with a self-insurance or captive insurance program. Takes effect on the 91st day following adjournment sine die.
What the bill says
From the enrolled text, March 2, 2026:
83rd OREGON LEGISLATIVE ASSEMBLY--2026 Regular Session House Bill 4077 Sponsored by Representative LIVELY; Representative LEVY B, Senator SOLLMAN (Presession filed.) CHAPTER ................................................. Relating to the securitization of a public utility's insurance program; amending ORS 757.457; and prescribing an effective date. SECTION 1. ORS 757.457 is amended to read: 757.457. As used in this section and ORS 757.459, 757.461 and 757.463: (1) "Assignee" means a person, and any subsequent assignee, to which a public utility assigns, sells or transfers all or part of the public utility's interest in or right to rate recovery assets, except as security. (2) "Bond" includes bonds, notes, certificates of beneficial interests in a trust or other evidence of indebtedness. (3) "Bondholder" means a holder or owner of a rate recovery bond. (4) "Finance subsidiary" means an assignee at the time rate recovery bonds are or (B) In the case of a trust, for which a public utility or subsidiary of the public utility is the grantor; or (b) That is unaffiliated with a public utility and acquires bondable rate recovery assets from a public utility in a transaction or under an agreement that is approved by the Public Utility Commission. (5) "Financing costs" includes the following costs related to rate recovery bonds, whether incurred and paid upon issuance or over the life of rate recovery bonds: …
Sponsors
- John Lively (D, 7) · primary sponsor
- Levy B (I)
- Janeen Sollman (D, 15)
Latest actions
- : Chapter 47, (2026 Laws): Effective date June 5, 2026.
- : Governor signed.
- : President signed.
- : Speaker signed.
- : Third reading. Carried by Robinson. Passed.
- : Second reading.
- : Recommendation: Do pass.
- : Public Hearing and Work Session held.
- : Referred to Energy and Environment.
- : First reading. Referred to President's desk.
Votes
- Third reading. Carried by Robinson. Passed. (March 2, 2026): 28 yea, 0 nay, passed
- SEE Committee Vote (February 25, 2026): 4 yea, 0 nay, passed
- Third reading. Carried by Lively. Passed. (February 17, 2026): 47 yea, 2 nay, passed
- HCEE Committee Vote (February 12, 2026): 11 yea, 1 nay, passed
Common questions
- What is HB4077?
- HB4077 is a bill in the Oregon Legislature (2026 Legislative Measures): Relating to the securitization of a public utility's insurance program; and prescribing an effective date.
- What does HB4077 do?
- Digest: Lets a public utility raise money for insurance costs. Takes effect 91 days after sine die. (Flesch Readability Score: 61.2). Authorizes a public utility, upon approval by the Public Utility Commission, to issue bonds and securitize debt for costs and expenses incurred or to be incurred by the public utility associated with a self-insurance or captive insurance program. Takes effect on the 91st day following adjournment sine die.
- What is the status of HB4077?
- Chaptered as of April 6, 2026. Latest action: Chapter 47, (2026 Laws): Effective date June 5, 2026. (April 6, 2026).
- Who sponsored HB4077?
- John Lively (D, 7), with 2 co-sponsors.
- Where is the official record for HB4077?
- On the Oregon Legislature website: https://olis.oregonlegislature.gov/liz/2026R1/Measures/Overview/4077
Source: official Oregon record. Tracked by Delilah, AI for legislation across all 50 states and Congress.