| 1 | 1 | | 87R11231 JXC-D |
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| 2 | 2 | | By: Larson H.B. No. 4323 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to the development of a plan to reregulate the electric |
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| 8 | 8 | | market in this state. |
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| 9 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 10 | 10 | | SECTION 1. (a) The Public Utility Commission of Texas shall |
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| 11 | 11 | | develop a plan to reregulate the production and sale of electricity |
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| 12 | 12 | | if, on July 1, 2021, the average price for average residential use |
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| 13 | 13 | | of electricity in ERCOT is greater than the average price for |
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| 14 | 14 | | average residential use of electricity in the United States. |
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| 15 | 15 | | (b) The plan required by Subsection (a) of this section must |
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| 16 | 16 | | include: |
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| 17 | 17 | | (1) possible methods to reverse the restructuring of |
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| 18 | 18 | | the electric utility industry made by Chapter 405, Acts of the 76th |
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| 19 | 19 | | Legislature, Regular Session, 1999; |
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| 20 | 20 | | (2) an evaluation of the effect on residential |
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| 21 | 21 | | electricity prices of each method; and |
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| 22 | 22 | | (3) necessary legislative changes to implement each |
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| 23 | 23 | | method. |
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| 24 | 24 | | (c) Not later than January 5, 2023, the Public Utility |
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| 25 | 25 | | Commission of Texas shall deliver the plan to the governor, |
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| 26 | 26 | | lieutenant governor, speaker of the house of representatives, and |
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| 27 | 27 | | legislative committee in each house of the legislature having |
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| 28 | 28 | | jurisdiction over electricity issues. |
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| 29 | 29 | | SECTION 2. This Act takes effect immediately if it receives |
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| 30 | 30 | | a vote of two-thirds of all the members elected to each house, as |
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| 31 | 31 | | provided by Section 39, Article III, Texas Constitution. If this |
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| 32 | 32 | | Act does not receive the vote necessary for immediate effect, this |
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| 33 | 33 | | Act takes effect September 1, 2021. |
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