How long will this charge be added to your bill?

The securitized financing is amortized, much like a mortgage loan, and requires the recovery of these extraordinary costs and expenses to be spread over a period of about 28 years.

Every six months, the amount that is charged will be reviewed on a per-kWh basis and adjusted, if necessary, to ensure it is collecting the correct amount to satisfy the bondholders. As HILCO grows, the per-kWh charge is expected to be reduced as the securitized amount will be spread across the additional meter growth.