87R11231 JXC-D
By: Larson H.B. No. 4323
A BILL TO BE ENTITLED
AN ACT
relating to the development of a plan to reregulate the electric
market in this state.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. (a) The Public Utility Commission of Texas shall
develop a plan to reregulate the production and sale of electricity
if, on July 1, 2021, the average price for average residential use
of electricity in ERCOT is greater than the average price for
average residential use of electricity in the United States.
(b) The plan required by Subsection (a) of this section must
include:
(1) possible methods to reverse the restructuring of
the electric utility industry made by Chapter 405, Acts of the 76th
Legislature, Regular Session, 1999;
(2) an evaluation of the effect on residential
electricity prices of each method; and
(3) necessary legislative changes to implement each
method.
(c) Not later than January 5, 2023, the Public Utility
Commission of Texas shall deliver the plan to the governor,
lieutenant governor, speaker of the house of representatives, and
legislative committee in each house of the legislature having
jurisdiction over electricity issues.
SECTION 2. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2021.