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4 | 6 | | A JOINT RESOLUTION |
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5 | 7 | | proposing a constitutional amendment to authorize the use of money |
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6 | 8 | | from the Texas energy fund for energy efficiency projects conducted |
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7 | 9 | | to benefit retail electric customers. |
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8 | 10 | | BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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9 | 11 | | SECTION 1. Section 49-q(b), Article III, Texas |
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10 | 12 | | Constitution, is amended to read as follows: |
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11 | 13 | | (b) As provided by general law, money in the Texas energy |
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12 | 14 | | fund may be administered and used, without further appropriation, |
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13 | 15 | | only by the Public Utility Commission of Texas or that commission's |
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14 | 16 | | successor in function to provide loans and grants to any entity to |
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15 | 17 | | finance or incentivize the construction, maintenance, |
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16 | 18 | | modernization, and operation of electric generating facilities, |
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17 | 19 | | including associated infrastructure, necessary to ensure the |
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18 | 20 | | reliability or adequacy of an electric power grid in this state and |
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19 | 21 | | to finance energy efficiency projects conducted to benefit retail |
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20 | 22 | | electric customers. The commission shall allocate money from the |
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21 | 23 | | fund for loans and grants to eligible projects: |
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22 | 24 | | (1) for electric generating facilities that serve as |
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23 | 25 | | backup power sources; and |
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24 | 26 | | (2) in each region of the state that is part of an |
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25 | 27 | | electric power grid in proportion to that region's load share. |
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26 | 28 | | SECTION 2. This proposed constitutional amendment shall be |
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27 | 29 | | submitted to the voters at an election to be held November 4, 2025. |
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28 | 30 | | The ballot shall be printed to permit voting for or against the |
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29 | 31 | | proposition: "The constitutional amendment to authorize the use of |
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30 | 32 | | money from the Texas energy fund for energy efficiency projects |
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31 | 33 | | conducted to benefit retail electric customers." |
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