Texas Senate Bill SB1655

Texas 2013 - 83rd Regular

Caption

Relating to authorizing the Public Utility Commission of Texas to direct the comptroller to return the unappropriated balance of the system benefit fund to retail electric customers.

Impact

The proposed legislation has significant implications for state utilities and consumer protection. If enacted, it would mandate that any funds remaining in the system benefit fund are not merely retained but actively returned to consumers. This could lead to lower electric bills for many residents, as they benefit from the disbursements related to the previously levied fees. Moreover, the enhanced regulatory measures aim to enhance the accountability of utility entities receiving these funds and ensure proper crediting practices in consumer bills.

Summary

SB1655 authorizes the Public Utility Commission of Texas to direct the state comptroller to return the unappropriated balance of the system benefit fund to retail electric customers. This legislation aims to establish a framework for how these funds will be credited to customers' bills, ensuring that the disbursements are carried out in a timely and fair manner. The bill requires the commission to develop rules that facilitate the return of these funds through utility billing mechanisms to avoid any financial burdens on consumers while promoting transparency in the process.

Contention

Discussions surrounding SB1655 reveal varying perspectives from stakeholders. Proponents argue that the bill addresses long-standing issues regarding unspent funds that should benefit consumers rather than remain unutilized. There's a sentiment that this legislation helps solidify accountability within the utility sector. However, critics may raise concerns over the legislative control of disbursements, fearing potential bureaucratic delays or complications that could hinder the distribution process. The requirement for the commission and comptroller to report on progress also signals an intent for ongoing oversight, but it could lead to debates about the efficiency and responsiveness of such measures.