Gov. Rick Perry signs Senate Bill 769. Speaking with Gov. Perry are Sen. Tommy Williams and Rep. Senfronia Thompson.

AUSTIN – Gov. Rick Perry today signed Senate Bill (SB) 769, by Sen. Tommy Williams and Rep. Senfronia Thompson, which reduces the impact to electricity customers of rebuilding and restoring utility service following hurricanes and other natural disasters, an issue the governor declared an emergency item. This bill allows utilities to issue low-cost bonds to recover restoration costs, providing utilities and customers a cost-saving alternative to their current options.

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