10 | 4 | | AN ACT |
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11 | 5 | | relating to extending the period over which the balance of the |
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12 | 6 | | system benefit fund is to be eliminated. |
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13 | 7 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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14 | 8 | | SECTION 1. Section 39.903(m), Utilities Code, is amended to |
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15 | 9 | | read as follows: |
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16 | 10 | | (m) This section expires September 1, 2017 [2016]. |
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17 | 11 | | SECTION 2. Section 39.9039, Utilities Code, is amended to |
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18 | 12 | | read as follows: |
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19 | 13 | | Sec. 39.9039. ELIMINATION OF SYSTEM BENEFIT FUND BALANCE. |
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20 | 14 | | (a) Notwithstanding Section 39.903(b), the commission shall set the |
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21 | 15 | | nonbypassable system benefit fund fee at the amount of zero cents |
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22 | 16 | | per megawatt hour for the period beginning September 1, 2013, and |
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23 | 17 | | ending September 1, 2017 [2016]. |
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24 | 18 | | (b) Notwithstanding Section 39.903(e), money in the system |
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25 | 19 | | benefit fund may be appropriated: |
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26 | 20 | | (1) [for the state fiscal year beginning September 1, |
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27 | 21 | | 2013, a program established by the commission to assist low-income |
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28 | 22 | | electric customers by providing a reduced rate for the months of |
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29 | 23 | | September, 2013, and May through August, 2014, in the manner |
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30 | 24 | | prescribed by Section 39.903(h) at a rate of up to 82 percent; |
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31 | 25 | | [(2)] for the state fiscal year beginning September 1, |
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32 | 26 | | 2014, to a program established by the commission to assist |
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33 | 27 | | low-income electric customers by providing a reduced rate for the |
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34 | 28 | | months of September, 2014, and May through August, 2015, in the |
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35 | 29 | | manner prescribed by Section 39.903(h), at a rate of up to 15 |
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36 | 30 | | percent; |
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37 | 31 | | (2) [(3)] for the state fiscal year beginning |
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38 | 32 | | September 1, 2015, to a program established by the commission to |
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39 | 33 | | assist low-income electric customers by providing a reduced rate |
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40 | 34 | | for the months of September, 2015, [and May] through August, 2016, |
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41 | 35 | | in the manner prescribed by Section 39.903(h), at the [a] rate the |
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42 | 36 | | commission determines is necessary to exhaust the system benefit |
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43 | 37 | | fund [of up to 15 percent]; |
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44 | 38 | | (3) for the state fiscal year beginning September 1, |
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45 | 39 | | 2016, if any money remains in the fund, to a program established by |
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46 | 40 | | the commission to assist low-income electric customers by providing |
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47 | 41 | | a reduced rate for the months of September, 2016, through August, |
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48 | 42 | | 2017, in the manner prescribed by Section 39.903(h), at the rate the |
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49 | 43 | | commission determines is necessary to exhaust the system benefit |
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50 | 44 | | fund; and |
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51 | 45 | | (4) for customer education programs and |
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52 | 46 | | administrative expenses incurred by the commission in implementing |
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53 | 47 | | and administering this chapter. |
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54 | 48 | | (c) This section expires September 1, 2017 [2016]. |
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55 | 49 | | SECTION 3. This Act takes effect immediately if it receives |
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56 | 50 | | a vote of two-thirds of all the members elected to each house, as |
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57 | 51 | | provided by Section 39, Article III, Texas Constitution. If this |
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58 | 52 | | Act does not receive the vote necessary for immediate effect, this |
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59 | 53 | | Act takes effect September 1, 2015. |
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