Senate Enrolled Act 386, codified at Ind. Code Ch. 8-1-40.5 (the “Securitization Act”), was enacted by the Indiana General Assembly in 2021 to allow certain electric utilities to use securitization financing, through the issuance of securitization bonds secured by securitization property, to recover qualified costs associated with the retirement of certain qualifying electric generation facilities through the collection of securitization charges from retail customers of the electric utility. SIGECO Securitization I, LLC, a wholly owned subsidiary of Southern Indiana Gas and Electric Company (“SIGECO”), issued $341,450,000 initial principal amount of securitization bonds in June 2023.

Under the Securitization Act and the financing order, SIGECO’s retail electric customers will pay securitization charges, which are non-bypassable charges included in their monthly bills. SIGECO, as the servicer, bills and collects the securitization charges from its electric customers. These securitization charges will fund payments of principal and interest on the securitization bonds and other financing costs. Unless the context implies otherwise references to the “financing order” are to the financing order issued by the Indiana Utility Regulatory Commission (the “IURC”) in SIGECO’s Cause No. 45722 on January 4, 2023, as supplemented by the order issued by the IURC on May 3, 2023.

SEC Filings
View SEC filings for SIGECO Securitization I, LLC.

Servicer's Certificates
View the Servicer's Certificates delivered to the Trustee for each payment date.
View the Servicer's Certificates delivered to the Trustee monthly.
View the Annual Compliance Certificates/Annual Accountants Report.

SIGECO Securitization I, LLC 2023 Securitization Bonds
Summary of terms of $341,450,000 initial principal amount of Series 2023-A Senior Secured Securitization Bonds issued and sold in June 2023 by SIGECO Securitization I, LLC.

Ratings Assigned to SIGECO Senior Secured Bonds
Ratings assigned to the Series 2023-A Securitization Bonds and to the First Mortgage Bonds issued by the Servicer.

Monthly Remittances
Remittances of Securitization Charges to the Trustee.

Application for True-up of Securitization Charges
Filings in connection with the true-up of Securitization Charges.