The finance order allowing Reliant Energy to securitize up to $750 million of stranded costs is approaching its mid-September expiration date, sources note, meaning the deal is likely right around the corner. Sources familiar with the offering expect an official announcement by early September.

The finance order, filed in June of 2000, gives the company a 15-month window for which to close its planned securitization. Reliant Treasurer Mark Kilbride confirmed the company's plans to officially unveil its offering in the coming weeks.

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.