By: Metcalf H.B. No. 4584
A BILL TO BE ENTITLED
AN ACT
relating to funding mechanisms to support the construction of
electric generating facilities.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 34.0103, Utilities Code, is amended by
to read as follows:
Sec. 34.0104. LOANS FOR ERCOT POWER REGION. (a) The
commission may use money in the fund without further appropriation
to provide loans to finance upgrades to existing dispatchable
electric generating facilities providing power for the ERCOT power
region that result in a net increase of at least 100 megawatts of
capacity for each facility or the construction of dispatchable
electric generating facilities providing power for the ERCOT power
region that each have a generation capacity of at least 100
megawatts. The commission may use money in the fund without further
appropriation to provide loans to finance the construction of
electric generating facilities providing power for the ERCOT power
region that have a generation capacity of at least 10 megawatts
utilizing emerging technology sources of thermal dispatchable
electricity generation. For the purposes of this section, a
generating facility is considered to be dispatchable if the
facility's output can be controlled primarily by forces under human
control. A battery [An electric] energy storage facility is not
eligible for a loan under this section.
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, 2025.