LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION March 12, 2013 TO: Honorable Byron Cook, Chair, House Committee On State Affairs FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB723 by Anchia (Relating to renewable energy capacity, jobs, and trading credits.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Utilities Code to provide definitions for tier 1 and tier 2 renewable energy technology and specify renewable generation capacity requirements for each tier. The bill would require the Public Utility Commission (PUC) to establish renewable energy credit trading programs for tier 1 and tier 2 renewable energy technology, add requirements for the purchase of tier 2 renewable energy credits, and allow the PUC to create a sub-tier within tier 2 renewable energy credits for the purpose of encouraging technological diversity. The bill would also establish alternative compliance payment guidelines for renewable energy purchase requirements. The bill would require the PUC to adopt rules to implement the provisions of the bill. Based on information provided by the PUC, it is assumed that the duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:473 Public Utility Commission of Texas LBB Staff: UP, AG, MW, ED
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
March 12, 2013
TO: Honorable Byron Cook, Chair, House Committee On State Affairs FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB723 by Anchia (Relating to renewable energy capacity, jobs, and trading credits.), As Introduced
TO: Honorable Byron Cook, Chair, House Committee On State Affairs
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB723 by Anchia (Relating to renewable energy capacity, jobs, and trading credits.), As Introduced
Honorable Byron Cook, Chair, House Committee On State Affairs
Honorable Byron Cook, Chair, House Committee On State Affairs
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB723 by Anchia (Relating to renewable energy capacity, jobs, and trading credits.), As Introduced
HB723 by Anchia (Relating to renewable energy capacity, jobs, and trading credits.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend the Utilities Code to provide definitions for tier 1 and tier 2 renewable energy technology and specify renewable generation capacity requirements for each tier. The bill would require the Public Utility Commission (PUC) to establish renewable energy credit trading programs for tier 1 and tier 2 renewable energy technology, add requirements for the purchase of tier 2 renewable energy credits, and allow the PUC to create a sub-tier within tier 2 renewable energy credits for the purpose of encouraging technological diversity. The bill would also establish alternative compliance payment guidelines for renewable energy purchase requirements. The bill would require the PUC to adopt rules to implement the provisions of the bill. Based on information provided by the PUC, it is assumed that the duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.
The bill would amend the Utilities Code to provide definitions for tier 1 and tier 2 renewable energy technology and specify renewable generation capacity requirements for each tier. The bill would require the Public Utility Commission (PUC) to establish renewable energy credit trading programs for tier 1 and tier 2 renewable energy technology, add requirements for the purchase of tier 2 renewable energy credits, and allow the PUC to create a sub-tier within tier 2 renewable energy credits for the purpose of encouraging technological diversity. The bill would also establish alternative compliance payment guidelines for renewable energy purchase requirements. The bill would require the PUC to adopt rules to implement the provisions of the bill.
Based on information provided by the PUC, it is assumed that the duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.
Local Government Impact
No 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: UP, AG, MW, ED
UP, AG, MW, ED