Texas 2019 - 86th Regular

Texas House Bill HB1767 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	H.B. No. 1767
	1	+	By: Murphy, et al. H.B. No. 1767
	2	+	(Senate Sponsor - Birdwell, Bettencourt)
	3	+	(In the Senate - Received from the House April 16, 2019;
	4	+	April 16, 2019, read first time and referred to Committee on
	5	+	Natural Resources & Economic Development; May 9, 2019, reported
	6	+	adversely, with favorable Committee Substitute by the following
	7	+	vote: Yeas 11, Nays 0; May 9, 2019, sent to printer.)
	8	+	Click here to see the committee vote
	9	+	COMMITTEE SUBSTITUTE FOR H.B. No. 1767 By: Birdwell
2	10
3	11
	12	+	A BILL TO BE ENTITLED
4	13		AN ACT
5	14		relating to the consideration of employee compensation and benefits
6	15		in establishing the rates of gas utilities.
7	16		BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
8	17		SECTION 1. Subchapter B, Chapter 104, Utilities Code, is
9	18		amended by adding Section 104.060 to read as follows:
10	19		Sec. 104.060. CONSIDERATION OF COMPENSATION AND BENEFIT
11	20		EXPENSES. (a) In this section, "employee compensation and
12	21		benefits" includes base salaries, wages, incentive compensation,
13	22		and benefits. The term does not include:
14	23		(1) pension or other postemployment benefits; and
15	24		(2) incentive compensation related to attaining
16	25		financial metrics for an executive officer whose compensation is
17	26		required to be disclosed under 17 C.F.R. Section 229.402(a).
18	27		(b) When establishing a gas utility's rates, the regulatory
19	28		authority shall presume that employee compensation and benefits
20	29		expenses are reasonable and necessary if the expenses are
21		-	consistent with market compensation studies issued not earlier than
22		-	three years before the initiation of the proceeding to establish
23		-	the rates.
	30	+	consistent with recent market compensation studies.
24	31		SECTION 2. (a) Section 104.060, Utilities Code, as added by
25	32		this Act, applies only to a proceeding for the establishment of
26	33		rates for which the regulatory authority has not issued a final
27	34		order or decision before the effective date of this Act.
28	35		(b) A proceeding for which the regulatory authority has
29	36		issued a final order or decision before the effective date of this
30	37		Act is governed by the law in effect immediately before that date,
31	38		and that law is continued in effect for that purpose.
32	39		SECTION 3. This Act takes effect immediately if it receives
33	40		a vote of two-thirds of all the members elected to each house, as
34	41		provided by Section 39, Article III, Texas Constitution. If this
35	42		Act does not receive the vote necessary for immediate effect, this
36	43		Act takes effect September 1, 2019.
37		-	______________________________ ______________________________
38		-	President of the Senate Speaker of the House
39		-	I certify that H.B. No. 1767 was passed by the House on April
40		-	15, 2019, by the following vote: Yeas 103, Nays 38, 2 present, not
41		-	voting; and that the House concurred in Senate amendments to H.B.
42		-	No. 1767 on May 22, 2019, by the following vote: Yeas 138, Nays 6,
43		-	1 present, not voting.
44		-	______________________________
45		-	Chief Clerk of the House
46		-	I certify that H.B. No. 1767 was passed by the Senate, with
47		-	amendments, on May 14, 2019, by the following vote: Yeas 30, Nays
48		-	1.
49		-	______________________________
50		-	Secretary of the Senate
51		-	APPROVED: __________________
52		-	Date
53		-	__________________
54		-	Governor
	44	+	* * * * *