As the utility stranded cost sector grows, the state of Texas looks to be the next asset-backed securities hot spot for energy peddlers, with the first of two deals from Central Power & Light Co. hitting the market within the next few months, according to a source at the company. Texas Utilities should be right behind CPLC, the source said.

Under the assumption that the financing order is not appealed by the state's utility commission, launch should occur first quarter next year.

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.