Bill > SB1111

This bill relates to transmission and distribution system resiliency planning by and cost recovery for electric utilities in Texas. The key provisions of the bill are: 1. It allows electric utilities to file a plan with the Public Utility Commission of Texas (PUCT) to enhance the resiliency of their transmission and distribution systems through measures such as hardening facilities, undergrounding certain lines, and implementing various mitigation strategies for lightning, flooding, and wildfires. 2. The PUCT must review and approve, modify, or deny the plan within 180 days. If approved, the utility can implement the plan without it being considered imprudent, and the PUCT must allow the utility to recover the reasonable and prudent costs of implementing the plan through a rider or as a regulatory asset. 3. The PUCT is required to adopt rules to implement the new law within 180 days of its effective date. 4. The bill takes effect immediately if it receives a two-thirds vote of all members in each house of the Texas Legislature, or on September 1, 2023, if it does not receive the necessary votes for immediate effect.