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Bill > SB2627

TX SB2627

TX SB2627
Relating to funding mechanisms to support the construction, maintenance, modernization, and operation of electric generating facilities.

summary

Introduced
05/20/2023
In Committee
05/18/2023
Crossed Over
05/04/2023
Passed
05/29/2023
Dead
Signed/Enacted/Adopted
06/09/2023

Introduced Session

88th Legislature Regular Session

Bill Summary

Relating to funding mechanisms to support the construction, maintenance, modernization, and operation of electric generating facilities.

AI Summary

This bill establishes the Texas Energy Fund, a special fund in the state treasury to be administered by the Public Utility Commission of Texas (PUCT). The fund will provide grants for transmission and distribution infrastructure and electric generating facilities outside the ERCOT power region, as well as loans to finance upgrades or construction of new dispatchable electric generating facilities within the ERCOT power region. The bill also creates a completion bonus grant program for the construction of new dispatchable electric generating facilities in ERCOT. The fund will be managed by the Texas Treasury Safekeeping Trust Company, and an advisory committee will provide oversight and recommendations to the PUCT. The bill also expedites the interconnection and permitting processes for facilities and backup power packages funded through the program.

Committee Categories

Business and Industry, Government Affairs

Sponsors (4)

Last Action

Effective on adoption of const. amendment (on 06/09/2023)

Bill Topics

Energy
  • ‐ Electricity and Hydroelectricity
  • ‐ General Energy
(1 Companion Bills)

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bill summary

Document Type Source Location Created
State Bill Page https://capitol.texas.gov/BillLookup/History.aspx?LegSess=88R&Bill=SB2627 05/01/2023
Analysis (Enrolled) https://capitol.texas.gov/tlodocs/88R/analysis/html/SB02627F.htm 06/12/2023
BillText https://capitol.texas.gov/tlodocs/88R/billtext/html/SB02627F.htm 05/29/2023
Fiscal Note (Enrolled) https://capitol.texas.gov/tlodocs/88R/fiscalnotes/html/SB02627F.htm 05/29/2023
Fiscal Note (Conference Committee Report*) https://capitol.texas.gov/tlodocs/88R/fiscalnotes/html/SB02627C.htm 05/28/2023
Fiscal Note (Senate Amendments Printing) https://capitol.texas.gov/tlodocs/88R/fiscalnotes/html/SB02627A.htm 05/24/2023
House Amendment (H 2) 9-Patterson https://capitol.texas.gov/tlodocs/88R/amendments/html/SB02627H29.HTM 05/23/2023
House Amendment (H 2) 8-Hernandez https://capitol.texas.gov/tlodocs/88R/amendments/html/SB02627H28.HTM 05/23/2023
House Amendment (H 2) 7-Geren https://capitol.texas.gov/tlodocs/88R/amendments/html/SB02627H27.HTM 05/23/2023
House Amendment (H 2) 6-Howard https://capitol.texas.gov/tlodocs/88R/amendments/html/SB02627H26.HTM 05/23/2023
House Amendment (H 2) 5-Anchía https://capitol.texas.gov/tlodocs/88R/amendments/html/SB02627H25.HTM 05/23/2023
House Amendment (H 2) 4-Anchía https://capitol.texas.gov/tlodocs/88R/amendments/html/SB02627H24.HTM 05/23/2023
House Amendment (H 2) 3-Anchía https://capitol.texas.gov/tlodocs/88R/amendments/html/SB02627H23.HTM 05/23/2023
House Amendment (H 2) 2-Goodwin https://capitol.texas.gov/tlodocs/88R/amendments/html/SB02627H22.HTM 05/23/2023
House Amendment (H 2) 1-Metcalf https://capitol.texas.gov/tlodocs/88R/amendments/html/SB02627H21.HTM 05/23/2023
BillText https://capitol.texas.gov/tlodocs/88R/billtext/html/SB02627H.htm 05/20/2023
Analysis (House Committee Report) https://capitol.texas.gov/tlodocs/88R/analysis/html/SB02627H.htm 05/20/2023
Fiscal Note (House Committee Report) https://capitol.texas.gov/tlodocs/88R/fiscalnotes/html/SB02627H.htm 05/20/2023
Fiscal Note (Engrossed) https://capitol.texas.gov/tlodocs/88R/fiscalnotes/html/SB02627E.htm 05/09/2023
BillText https://capitol.texas.gov/tlodocs/88R/billtext/html/SB02627E.htm 05/04/2023
Senate Amendment (S 2) F3-Menéndez https://capitol.texas.gov/tlodocs/88R/amendments/html/SB02627S2F3.HTM 05/04/2023
Senate Amendment (S 2) F2-Schwertner https://capitol.texas.gov/tlodocs/88R/amendments/html/SB02627S2F2.HTM 05/04/2023
Senate Amendment (S 2) F1-Schwertner https://capitol.texas.gov/tlodocs/88R/amendments/html/SB02627S2F1.HTM 05/04/2023
BillText https://capitol.texas.gov/tlodocs/88R/billtext/html/SB02627S.htm 05/02/2023
Fiscal Note (Introduced) https://capitol.texas.gov/tlodocs/88R/fiscalnotes/html/SB02627I.htm 05/02/2023
Analysis (Introduced) https://capitol.texas.gov/tlodocs/88R/analysis/html/SB02627I.htm 05/01/2023
BillText https://capitol.texas.gov/tlodocs/88R/billtext/html/SB02627I.htm 05/01/2023
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