Bill Text: TX HB4323 | 2021-2022 | 87th Legislature | Introduced
Bill Title: Relating to the development of a plan to reregulate the electric market in this state.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2021-03-29 - Referred to State Affairs [HB4323 Detail]
Download: Texas-2021-HB4323-Introduced.html
87R11231 JXC-D | ||
By: Larson | H.B. No. 4323 |
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relating to the development of a plan to reregulate the electric | ||
market in this state. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. (a) The Public Utility Commission of Texas shall | ||
develop a plan to reregulate the production and sale of electricity | ||
if, on July 1, 2021, the average price for average residential use | ||
of electricity in ERCOT is greater than the average price for | ||
average residential use of electricity in the United States. | ||
(b) The plan required by Subsection (a) of this section must | ||
include: | ||
(1) possible methods to reverse the restructuring of | ||
the electric utility industry made by Chapter 405, Acts of the 76th | ||
Legislature, Regular Session, 1999; | ||
(2) an evaluation of the effect on residential | ||
electricity prices of each method; and | ||
(3) necessary legislative changes to implement each | ||
method. | ||
(c) Not later than January 5, 2023, the Public Utility | ||
Commission of Texas shall deliver the plan to the governor, | ||
lieutenant governor, speaker of the house of representatives, and | ||
legislative committee in each house of the legislature having | ||
jurisdiction over electricity issues. | ||
SECTION 2. This Act takes effect immediately if it receives | ||
a vote of two-thirds of all the members elected to each house, as | ||
provided by Section 39, Article III, Texas Constitution. If this | ||
Act does not receive the vote necessary for immediate effect, this | ||
Act takes effect September 1, 2021. |