Bill Text: TX HB540 | 2011-2012 | 82nd Legislature | Introduced
Bill Title: Relating to the allocation of the value of certain federal allowances for carbon dioxide emissions granted to certain electric or gas utilities.
Sponsorship: Bipartisan Bill
Status: (Introduced - Dead) 2011-04-13 - Left pending in committee [HB540 Detail]
Download: Texas-2011-HB540-Introduced.html
| 82R1655 JJT-D | ||
| By: Turner | H.B. No. 540 | |
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| relating to the allocation of the value of certain federal | ||
| allowances for carbon dioxide emissions granted to certain electric | ||
| or gas utilities. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Subchapter B, Chapter 36, Utilities Code, is | ||
| amended by adding Section 36.066 to read as follows: | ||
| Sec. 36.066. TREATMENT OF VALUE OF CERTAIN FEDERAL | ||
| ALLOWANCES FOR CARBON DIOXIDE EMISSIONS. To the extent federal law | ||
| provides an electric utility with free or subsidized-cost carbon | ||
| dioxide emissions allowances, the regulatory authority by rule or | ||
| by ordinance shall ensure that the economic value of the allowances | ||
| is passed on to the end user of the utility's electric service and | ||
| is reflected on that user's bill. | ||
| SECTION 2. Subchapter E, Chapter 39, Utilities Code, is | ||
| amended by adding Section 39.207 to read as follows: | ||
| Sec. 39.207. TREATMENT OF VALUE OF CERTAIN FEDERAL | ||
| ALLOWANCES FOR CARBON DIOXIDE EMISSIONS. To the extent federal law | ||
| provides an electric utility with free or subsidized-cost carbon | ||
| dioxide emissions allowances, the commission by rule shall ensure | ||
| that the economic value of the allowances is passed on to and is | ||
| reflected on the bill of the end user of the utility's electric | ||
| service through the transmission and distribution utility's | ||
| charges appearing on that user's bill from the retail electric | ||
| provider. | ||
| SECTION 3. Subchapter B, Chapter 104, Utilities Code, is | ||
| amended by adding Section 104.059 to read as follows: | ||
| Sec. 104.059. TREATMENT OF VALUE OF CERTAIN FEDERAL | ||
| ALLOWANCES FOR CARBON DIOXIDE EMISSIONS. To the extent federal law | ||
| provides a gas utility with free or subsidized-cost carbon dioxide | ||
| emissions allowances, the regulatory authority by rule or by | ||
| ordinance shall ensure that the economic value of the allowances is | ||
| passed on to the end user of the gas utility's gas service and is | ||
| reflected on that user's bill. | ||
| SECTION 4. This Act takes effect September 1, 2011. | ||
