Texas 2021 - 87th Regular

Texas House Bill HB4512 Latest Draft

Bill / Introduced Version Filed 03/12/2021

                            87R10927 BRG-D
 By: Raymond H.B. No. 4512


 A BILL TO BE ENTITLED
 AN ACT
 relating to the authority of the Public Utility Commission of Texas
 to set wholesale electricity prices in the ERCOT power region
 during a state of disaster.
 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 SECTION 1.  Section 39.151, Utilities Code, is amended by
 adding Subsection (d-5) to read as follows:
 (d-5)  Notwithstanding Subsection (d), during a state of
 disaster declared by the governor under Chapter 418, Government
 Code, in response to an extreme weather event, the commission may
 not by order raise the wholesale price of electric energy sold in
 the ERCOT power region for the purpose of correcting the price of
 electric energy to match the demand for electric energy.
 SECTION 2.  This Act takes effect September 1, 2021.