demonstrate the potential benefits of securitization relative to recovery using the DDA. As illustrated in Figure 5, the use of low-cost securitized debt, DATE FILED: April 30, 2026 Page 9 of 11 rather than the utility's weighted average c...
AI summary The text discusses the potential benefits of securitization compared to the Decarbonization Deferral Account (DDA) for recovering net book value over a 30-year period. It highlights that securitization could reduce income tax expenses and overall financing costs, leading to customer benefits of approximately $184 million. The analysis compares two scenarios: securitization and DDA amortization over 10 and 20-year periods.