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TX HB3043

TX HB3043
Relating to periodic rate adjustments by electric utilities.


summary

Introduced
02/28/2023
In Committee
03/14/2023
Crossed Over
Passed
Dead
05/29/2023

Introduced Session

88th Legislature Regular Session

Bill Summary

Relating to periodic rate adjustments by electric utilities.

AI Summary

This bill amends the Texas Utilities Code to allow electric utilities to periodically adjust their nonfuel rates based on changes in their distribution-related investments, subject to certain requirements. The bill increases the number of rate adjustments allowed per year from once to twice, and sets deadlines for the Public Utility Commission of Texas to review and approve the rate adjustment requests. The bill also makes other changes related to the implementation and oversight of these periodic rate adjustments.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

Referred to State Affairs (on 03/14/2023)

bill text


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