Relating to a report on the sale of retail electric power by the General Land Office.
Impact
The enactment of SB736 will not only affect the operational procedures of the General Land Office but will also promote a more informed approach toward energy management in Texas. By incorporating data collection into the GLO’s responsibilities, the bill is expected to foster better legislative oversight on energy sales and their financial implications for the state. The requirement for an annual report will facilitate discussions on regulatory practices and improve the legislative body’s ability to address any issues arising within the energy sector.
Summary
Senate Bill 736 mandates the General Land Office (GLO) to collect and report information regarding the sale of retail electric power. The bill aims to provide transparency and oversight in the state’s management of energy resources. By requiring the GLO to compile data on participants, aggregate rates, contract terms, and fiscal impacts, the bill seeks to enhance accountability within the state's electric power market. The report must be submitted to the legislature by September 1, 2018, as a means to evaluate the performance and implications of the power sales program.
Sentiment
The sentiment around SB736 appears to be largely supportive, particularly among those advocating for enhanced transparency and better resource management in energy sales. Stakeholders who prioritize accountability in government agencies view the data collection as a step in the right direction. However, there may be some opposition from those who believe that the added regulatory measure could complicate the GLO's operations or lead to bureaucratic challenges.
Contention
While the bill serves to clarify and document the activities surrounding the sale of retail electric power, there are concerns regarding the scope and effectiveness of the proposed data collection. Some critics argue that the bill may not adequately address underlying issues related to the state's energy market or adequately protect consumer interests. The complexities involved in compiling and analyzing such data raise questions about the capability of the GLO to meet the legislative expectations without adding significant administrative burdens.
Relating to the use of the electric generating facility fund to finance construction and maintenance of electric generating and transmission facilities in the ERCOT power region; authorizing an assessment.
Relating to the issuance of a permit by the commissioner of the General Land Office for a wind power facility on coastal public land; authorizing a fee; providing a civil penalty.
Relating to the issuance of a permit by the commissioner of the General Land Office for a wind power facility on coastal public land; authorizing a fee; providing a civil penalty.
Relating to the establishment of the Texas Energy Insurance Program and other funding mechanisms to support the construction and operation of electric generating facilities.