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A BILL TO BE ENTITLED
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AN ACT
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relating to the development of a plan to reregulate the electric |
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market in this state. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. (a) The Public Utility Commission of Texas shall |
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develop a plan to reregulate the production and sale of electricity |
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if, on July 1, 2021, the average price for average residential use |
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of electricity in ERCOT is greater than the average price for |
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average residential use of electricity in the United States. |
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(b) The plan required by Subsection (a) of this section must |
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include: |
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(1) possible methods to reverse the restructuring of |
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the electric utility industry made by Chapter 405, Acts of the 76th |
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Legislature, Regular Session, 1999; |
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(2) an evaluation of the effect on residential |
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electricity prices of each method; and |
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(3) necessary legislative changes to implement each |
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method. |
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(c) Not later than January 5, 2023, the Public Utility |
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Commission of Texas shall deliver the plan to the governor, |
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lieutenant governor, speaker of the house of representatives, and |
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legislative committee in each house of the legislature having |
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jurisdiction over electricity issues. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2021. |