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Sale of bad debt by utility companies: Proceed with care

from By Hannah F.G. Singerman, Esq.

Selling uncollectable or "bad" debt has become a new and interesting prospect for many utility companies. Sale of such debt can free-up workers, provide instant income for the company, and create more financial certainty. It could also, in theory, alleviate the need for controversial rules like Texas' "Switch-Hold Rule", because the utilities and the state would be unburdened by the collection costs. Further, it may simplify the work needed for utilities in tracking bad debt expenses in states which require such record keeping and analysis. more

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