Bill
Bill > SB6
TX SB6
TX SB6Relating to the establishment of the Texas Energy Insurance Program and other funding mechanisms to support the construction and operation of electric generating facilities.
summary
Introduced
03/09/2023
03/09/2023
In Committee
04/17/2023
04/17/2023
Crossed Over
04/05/2023
04/05/2023
Passed
Dead
05/29/2023
05/29/2023
Introduced Session
88th Legislature Regular Session
Bill Summary
Relating to the establishment of the Texas Energy Insurance Program and other funding mechanisms to support the construction and operation of electric generating facilities.
AI Summary
This bill establishes the Texas Energy Insurance Program, which allows the Public Utility Commission of Texas to certify entities to own and operate "reliability assets" - gas-fueled generation assets with on-site fuel storage located in the ERCOT power region. The bill sets up a process for the Commission to regulate the rates charged by these certified entities, create a non-bypassable rate to fund the program, and facilitate the interconnection of reliability assets to the grid. It also creates a state fund to provide loans for maintenance and modernization of dispatchable electric generation facilities in the ERCOT region, and allows the fund to be used to offset customer costs related to the Texas Energy Insurance Program. Overall, the bill aims to support the construction and operation of electric generating facilities in Texas.
Committee Categories
Business and Industry, Government Affairs
Sponsors (4)
Last Action
Referred to State Affairs (on 04/17/2023)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://capitol.texas.gov/BillLookup/History.aspx?LegSess=88R&Bill=SB6 |
| BillText | https://capitol.texas.gov/tlodocs/88R/billtext/html/SB00006E.htm |
| Senate Amendment (S 2) F1-Schwertner | https://capitol.texas.gov/tlodocs/88R/amendments/html/SB00006S2F1.HTM |
| BillText | https://capitol.texas.gov/tlodocs/88R/billtext/html/SB00006S.htm |
| Analysis (Senate Committee Report) | https://capitol.texas.gov/tlodocs/88R/analysis/html/SB00006S.htm |
| Fiscal Note (Senate Committee Report) | https://capitol.texas.gov/tlodocs/88R/fiscalnotes/html/SB00006S.htm |
| Fiscal Note (Introduced) | https://capitol.texas.gov/tlodocs/88R/fiscalnotes/html/SB00006I.htm |
| Analysis (Introduced) | https://capitol.texas.gov/tlodocs/88R/analysis/html/SB00006I.htm |
| BillText | https://capitol.texas.gov/tlodocs/88R/billtext/html/SB00006I.htm |
Loading...