Bill Text: TX HB2908 | 2019-2020 | 86th Legislature | Comm Sub
Bill Title: Relating to a study of potential rules, procedures, and protocols to eliminate or compensate for market distortion caused by certain federal tax credits.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2019-04-15 - Committee report sent to Calendars [HB2908 Detail]
Download: Texas-2019-HB2908-Comm_Sub.html
| 86R20136 JXC-F | |||
| By: Patterson | H.B. No. 2908 | ||
| Substitute the following for H.B. No. 2908: | |||
| By: King of Parker | C.S.H.B. No. 2908 | ||
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| relating to a study of potential rules, procedures, and protocols | ||
| to eliminate or compensate for market distortion caused by certain | ||
| federal tax credits. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Subchapter D, Chapter 39, Utilities Code, is | ||
| amended by adding Section 39.159 to read as follows: | ||
| Sec. 39.159. ELIMINATING EFFECTS OF CERTAIN FEDERAL TAX | ||
| CREDITS. (a) The commission and the ERCOT independent system | ||
| operator shall study potential rules, operating procedures, and | ||
| protocols to eliminate or compensate for any distortion in | ||
| electricity pricing in the ERCOT power region caused by a federal | ||
| tax credit provided under 26 U.S.C. Section 45. The commission | ||
| shall request comments from interested parties as part of the | ||
| study. | ||
| (b) The scope of the study under this section must include | ||
| peak price formation, negative pricing, ancillary services, | ||
| congestion, reserve margins, and transmission and distribution | ||
| costs. | ||
| (c) The commission shall include the results of the study in | ||
| the report required by Section 31.003 to be submitted to the | ||
| legislature before January 15, 2021. | ||
| (d) This section expires September 1, 2021. | ||
| SECTION 2. This Act takes effect September 1, 2019. | ||
