The Woodlands - State Senator Tommy Williams (R-The Woodlands) issued the following statement concerning the Texas Public Utility Commission's recent action which securitized bond rates at the lowest rate ever issued for a Texas electric utility transaction. SB 769, approved by the 81st Texas Legislature, extended securitization to weather-related recovery costs, including Hurricane Ike damages.

 "I am very proud to have authored Senate Bill 769 during the recent session," said Sen. Williams. "This bill and the recent PUC action saves millions of dollars for many hard working Texans who live along the coast and who were impacted by Hurricane Ike. It's an example of how government can sometimes do a great good for a great many. I witnessed first hand the devastation and destruction caused by Hurricane Ike, and consider this piece of legislation one of the most significant and important pieces of legislative I've passed."

 SB 769 was the first bill passed in the 81st Legislative Session, and the first bill signed into law by Gov. Perry. 

Reference: Public Utility Commission of Texas, 10/30/2009 Press Release Lower electric costs for Entergy customers - link follows: http://www.puc.state.tx.us/nrelease/2009/103009.pdf 

Senator Williams represents Senate District 4 covering all or portions of Jefferson, Orange, Chambers, Liberty, Harris and Montgomery Counties. Williams serves as Chairman of the Senate Administration Committee and as a member of the Finance, Education, International Relations & Trade and State Preservation Board.