The Public Utility Commission of Texas on June 21 approved a $1.7 billion stranded cost securitization order for the AEP Texas Central Co., the last of such deals expected from the state.

The PUCT also accepted a settlement agreement that will oblige AEP Texas Central Co. and all other affected parties - including industrial customers, consumer advocacy groups and municipalities - to abide by the details in the financing order. Such a settlement agreement was reached in late May.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.