86R20136 JXC-F
By: Patterson H.B. No. 2908
Substitute the following for H.B. No. 2908:
By: King of Parker C.S.H.B. No. 2908
A BILL TO BE ENTITLED
AN ACT
relating to a study of potential rules, procedures, and protocols
to eliminate or compensate for market distortion caused by certain
federal tax credits.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter D, Chapter 39, Utilities Code, is
amended by adding Section 39.159 to read as follows:
Sec. 39.159. ELIMINATING EFFECTS OF CERTAIN FEDERAL TAX
CREDITS. (a) The commission and the ERCOT independent system
operator shall study potential rules, operating procedures, and
protocols to eliminate or compensate for any distortion in
electricity pricing in the ERCOT power region caused by a federal
tax credit provided under 26 U.S.C. Section 45. The commission
shall request comments from interested parties as part of the
study.
(b) The scope of the study under this section must include
peak price formation, negative pricing, ancillary services,
congestion, reserve margins, and transmission and distribution
costs.
(c) The commission shall include the results of the study in
the report required by Section 31.003 to be submitted to the
legislature before January 15, 2021.
(d) This section expires September 1, 2021.
SECTION 2. This Act takes effect September 1, 2019.