WA People
BILL · 2025–26 SESSION · LATEST VERSION 2SHB 1990

HB 1990: Utility disaster costs

Authorizing utility companies to securitize certain costs related to disasters or emergencies to lower costs to customers.

Summary

  • Permits electrical, gas, and water companies to petition the Utilities and Transportation Commission (UTC) for a financing order authorizing the utility to issue bonds to recover certain costs related to disaster or emergency events.
  • Authorizes the UTC to issue a financing order, if certain specific conditions are met, to allow bondable rate recovery expenditures, issue bonds, and impose separate rate recovery charges on customers.
  • Pledges the state to not impair any financing orders or rate recovery charges until all payments on the bonds and financing costs are fully paid.

From the Second Substitute House Bill Report (2SHB 1990), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 310, Laws of 2025
  1. IntroducedFeb 17, 2025
  2. Out of committeeFeb 28, 2025
  3. Passed HouseMar 10, 2025
  4. Passed SenateApr 8, 2025
  5. GovernorMay 17, 2025
  6. LawMay 17, 2025
Prime sponsor
Peter Abbarno (R-20)
Introduced
February 17, 2025 in the House
Last action
May 17, 2025
Session law
Chapter 310, Laws of 2025
Budget
Has a fiscal note
Versions
HB 1990, SHB 1990, 2SHB 1990

AN ACT Relating to authorizing utility companies to securitize certain costs related to disasters or emergencies to lower costs to customers;

Sponsors

Prime sponsor: Peter Abbarno (R-20)

2 co-sponsors (2 Democrats, 0 Republicans)

Beth Doglio D-22Lisa Parshley D-22

Votes

House · 3rd Reading & Final Passage

Passed March 10, 2025
Version voted on: 2SHB 1990
78 Yea 16 Nay 0 Absent 4 Excused
PartyYeaNayAbsentExcused
Democrat411602
Republican37002
How each member voted

Yea (78)

Permalink to this vote

Senate · 3rd Reading & Final Passage as Amended by the Senate

Passed April 8, 2025
Version voted on: 2SHB 1990
45 Yea 3 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat26301
Republican19000
How each member voted

Yea (45)

Excused (1)

Permalink to this vote

House · Final Passage as Amended by the Senate

Passed April 21, 2025
Version voted on: 2SHB 1990
93 Yea 4 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat55301
Republican38100
How each member voted

Yea (93)

Excused (1)

Permalink to this vote

History

  1. Effective date 5/17/2025. (2SHB 1990)
  2. Chapter 310, 2025 Laws. (2SHB 1990)
  3. Governor signed. (2SHB 1990)
  4. Delivered to Governor. (2SHB 1990)
  5. President signed. (2SHB 1990)
  6. Speaker signed. (2SHB 1990)
  7. Passed final passage; yeas, 93; nays, 4; absent, 0; excused, 1. (2SHB 1990)
  8. House concurred in Senate amendments. (2SHB 1990)
  9. Third reading, passed; yeas, 45; nays, 3; absent, 0; excused, 1. (2SHB 1990)
  10. Rules suspended. Placed on Third Reading. (2SHB 1990)
  11. Floor amendment(s) adopted. (2SHB 1990)
  12. Committee amendment not adopted. (2SHB 1990)
  13. Placed on second reading by Rules Committee. (2SHB 1990)
  14. Passed to Rules Committee for second reading. (2SHB 1990)
  15. Minority; without recommendation. (2SHB 1990)
  16. Minority; do not pass. (2SHB 1990)
  17. ENET - Majority; do pass with amendment(s). (2SHB 1990)
  18. First reading, referred to Environment, Energy & Technology. (2SHB 1990)
  19. Third reading, passed; yeas, 78; nays, 16; absent, 0; excused, 4. (2SHB 1990)
  20. Rules suspended. Placed on Third Reading. (2SHB 1990)
  21. 2nd substitute bill substituted. (2SHB 1990)
  22. 2nd substitute bill substituted. (SHB 1990)
  23. 2nd substitute bill substituted.
  24. Rules Committee relieved of further consideration. Placed on second reading. (2SHB 1990)
  25. Rules Committee relieved of further consideration. Placed on second reading. (SHB 1990)
  26. Rules Committee relieved of further consideration. Placed on second reading.
  27. Referred to Rules 2 Review. (2SHB 1990)
  28. Referred to Rules 2 Review. (SHB 1990)
  29. Referred to Rules 2 Review.
  30. APP - Majority; 2nd substitute bill be substituted, do pass. (2SHB 1990)
  31. APP - Majority; 2nd substitute bill be substituted, do pass. (SHB 1990)
  32. APP - Executive action taken by committee. (SHB 1990)
  33. APP - Majority; 2nd substitute bill be substituted, do pass.
  34. APP - Executive action taken by committee.
  35. Referred to Appropriations. (SHB 1990)
  36. Referred to Appropriations.
  37. Minority; without recommendation. (SHB 1990)
  38. ENVI - Majority; 1st substitute bill be substituted, do pass. (SHB 1990)
  39. ENVI - Majority; 1st substitute bill be substituted, do pass.
  40. Minority; without recommendation.
  41. ENVI - Executive action taken by committee.
  42. First reading, referred to Environment & Energy.

HB 1990 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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