| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 87R11769 CXP-D | |
| 2 | 2 | By: Herrero H.B. No. 3494 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | A BILL TO BE ENTITLED | |
| 6 | 6 | AN ACT | |
| 7 | 7 | relating to variable rate plans offered by retail electric | |
| 8 | 8 | providers. | |
| 9 | 9 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 10 | 10 | SECTION 1. Subchapter C, Chapter 39, Utilities Code, is | |
| 11 | 11 | amended by adding Section 39.1026 to read as follows: | |
| 12 | 12 | Sec. 39.1026. VARIABLE RATE PLANS FOR ELECTRIC SERVICE | |
| 13 | 13 | PROHIBITED. The commission by rule shall require a retail electric | |
| 14 | 14 | provider to offer service under a fixed-price contract. A retail | |
| 15 | 15 | electric provider may not offer a contract for service at a variable | |
| 16 | 16 | rate. | |
| 17 | 17 | SECTION 2. As soon as practicable but not later than | |
| 18 | 18 | December 1, 2021, the Public Utility Commission of Texas shall | |
| 19 | 19 | adopt the rules required by Section 39.1026, Utilities Code, as | |
| 20 | 20 | added by this Act. | |
| 21 | 21 | SECTION 3. This Act takes effect September 1, 2021. |