Texas House Bill HB994

Texas 2013 - 83rd Regular

Caption

Relating to the applicability of state law regulating the decommissioning costs of certain newly constructed commercial nuclear-powered electric generating facilities.

Impact

If enacted, HB994 will specifically apply to the first six nuclear generating units built between January 1, 2013, and January 1, 2033. This provision is particularly significant as it sets a limit on how many facilities can utilize this specific decommissioning mechanism, potentially influencing future investments in nuclear power plants in Texas. The bill seeks to provide a structured approach that could facilitate more stable financial planning for both the operators of these facilities and regulatory bodies overseeing their decommissioning.

Summary

House Bill 994 focuses on the regulatory framework surrounding the decommissioning costs associated with newly constructed commercial nuclear-powered electric generating facilities in Texas. It amends provisions within the Utilities Code to specify the applicability of certain state laws to nuclear generating units constructed after a designated date. The bill aims to establish a clear mechanism for managing decommissioning costs, which are crucial for ensuring that these facilities can safely retire at the end of their operational lives.

Contention

While the bill received substantial support in the House, passing with a 141 to 5 vote, discussions surrounding its implications reveal differing perspectives on nuclear energy regulation. Supporters of the bill argue that it is necessary for the growth of the nuclear energy sector in Texas, providing certainty and clarity in managing decommissioning costs. Opponents, however, may raise concerns about the long-term environmental and economic impacts of nuclear facility operations, including potential issues related to waste management and accountability in the decommissioning process.