LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION March 23, 2009 TO: Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB1419 by Lucio (Relating to this state's goal for renewable energy.), As Introduced No significant fiscal implication to the State is anticipated. The bill would increase goals for the state's renewable energy capacity from sources other than high-capacity wind energy. The bill would require the Public Utility Commission to adopt rules to include these new goals. The bill would also require the Public Utility Commission to establish an alternative compliance payment so that an entity that has a renewable energy purchase requirement may elect to pay the alternative compliance payment instead of applying renewable energy credits to meet its obligation. The Public Utility Commission anticipates the duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing 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, JRO, ES
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
March 23, 2009
TO: Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB1419 by Lucio (Relating to this state's goal for renewable energy.), As Introduced
TO: Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: SB1419 by Lucio (Relating to this state's goal for renewable energy.), As Introduced
Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
SB1419 by Lucio (Relating to this state's goal for renewable energy.), As Introduced
SB1419 by Lucio (Relating to this state's goal for renewable energy.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would increase goals for the state's renewable energy capacity from sources other than high-capacity wind energy. The bill would require the Public Utility Commission to adopt rules to include these new goals. The bill would also require the Public Utility Commission to establish an alternative compliance payment so that an entity that has a renewable energy purchase requirement may elect to pay the alternative compliance payment instead of applying renewable energy credits to meet its obligation. The Public Utility Commission anticipates the duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.
The bill would increase goals for the state's renewable energy capacity from sources other than high-capacity wind energy. The bill would require the Public Utility Commission to adopt rules to include these new goals. The bill would also require the Public Utility Commission to establish an alternative compliance payment so that an entity that has a renewable energy purchase requirement may elect to pay the alternative compliance payment instead of applying renewable energy credits to meet its obligation.
The Public Utility Commission anticipates the duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing 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, JRO, ES
JOB, JRO, ES