AN ACT relating to electric utilities.

HB 615 amends Kentucky law to clarify that revenue streams from bonds issued to finance utility projects (securitized property) are legally protected. It ensures these rights exist regardless of whether payments have been collected, last until bonds are fully paid, and can be transferred to utility affiliates without regulatory approval. This primarily affects electric utilities and bondholders, guaranteeing they can collect payments even if the utility faces financial trouble or bankruptcy. The bill provides legal certainty for financing infrastructure projects by protecting bondholder claims against utility insolvency.