LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION April 6, 2009 TO: Honorable Burt R. Solomons, Chair, House Committee on State Affairs FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB2520 by Swinford (Relating to the state's goal for electric generating capacity derived from emerging renewable energy resources.), As Introduced No significant fiscal implication to the State is anticipated. The bill would extend the renewable portfolio standard in current law and in the bill to municipal utilities and electric cooperatives. The bill would establish a goal of an additional 3,000 megawatts of generating capacity from emerging renewable energy resources by 2020, with yearly benchmarks for new, cumulative installed capacity. The bill would require the Public Utility Commission (PUC) to adopt rules to administer and enforce these provisions by January 1, 2010. The Commission would be required to establish a renewable energy credits trading program for emerging renewable energy and to establish an alternative compliance payment. The bill would authorize the PUC to establish a cap on the price of emerging renewable energy credits and to suspend the goal of generating capacity from emerging renewable energy resources established by this bill if such suspension is necessary to protect the reliability and operation of the grid. The PUC indicates it could absorb the costs associated with implementing the provisions of the bill within its current resources. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:473 Public Utility Commission of Texas LBB Staff: JOB, KJG, ES
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
April 6, 2009
TO: Honorable Burt R. Solomons, Chair, House Committee on State Affairs FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB2520 by Swinford (Relating to the state's goal for electric generating capacity derived from emerging renewable energy resources.), As Introduced
TO: Honorable Burt R. Solomons, Chair, House Committee on State Affairs
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB2520 by Swinford (Relating to the state's goal for electric generating capacity derived from emerging renewable energy resources.), As Introduced
Honorable Burt R. Solomons, Chair, House Committee on State Affairs
Honorable Burt R. Solomons, Chair, House Committee on State Affairs
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
HB2520 by Swinford (Relating to the state's goal for electric generating capacity derived from emerging renewable energy resources.), As Introduced
HB2520 by Swinford (Relating to the state's goal for electric generating capacity derived from emerging renewable energy resources.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would extend the renewable portfolio standard in current law and in the bill to municipal utilities and electric cooperatives. The bill would establish a goal of an additional 3,000 megawatts of generating capacity from emerging renewable energy resources by 2020, with yearly benchmarks for new, cumulative installed capacity. The bill would require the Public Utility Commission (PUC) to adopt rules to administer and enforce these provisions by January 1, 2010. The Commission would be required to establish a renewable energy credits trading program for emerging renewable energy and to establish an alternative compliance payment. The bill would authorize the PUC to establish a cap on the price of emerging renewable energy credits and to suspend the goal of generating capacity from emerging renewable energy resources established by this bill if such suspension is necessary to protect the reliability and operation of the grid. The PUC indicates it could absorb the costs associated with implementing the provisions of the bill within its current resources.
The bill would extend the renewable portfolio standard in current law and in the bill to municipal utilities and electric cooperatives. The bill would establish a goal of an additional 3,000 megawatts of generating capacity from emerging renewable energy resources by 2020, with yearly benchmarks for new, cumulative installed capacity.
The bill would require the Public Utility Commission (PUC) to adopt rules to administer and enforce these provisions by January 1, 2010. The Commission would be required to establish a renewable energy credits trading program for emerging renewable energy and to establish an alternative compliance payment. The bill would authorize the PUC to establish a cap on the price of emerging renewable energy credits and to suspend the goal of generating capacity from emerging renewable energy resources established by this bill if such suspension is necessary to protect the reliability and operation of the grid.
The PUC indicates it could absorb the costs associated with implementing the provisions of the bill within its current resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 473 Public Utility Commission of Texas
473 Public Utility Commission of Texas
LBB Staff: JOB, KJG, ES
JOB, KJG, ES