Bill Text: TX HB3494 | 2021-2022 | 87th Legislature | Introduced
Bill Title: Relating to variable rate plans offered by retail electric providers.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2021-03-22 - Referred to State Affairs [HB3494 Detail]
Download: Texas-2021-HB3494-Introduced.html
| 87R11769 CXP-D | ||
| By: Herrero | H.B. No. 3494 | |
|
|
||
|
|
||
| relating to variable rate plans offered by retail electric | ||
| providers. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Subchapter C, Chapter 39, Utilities Code, is | ||
| amended by adding Section 39.1026 to read as follows: | ||
| Sec. 39.1026. VARIABLE RATE PLANS FOR ELECTRIC SERVICE | ||
| PROHIBITED. The commission by rule shall require a retail electric | ||
| provider to offer service under a fixed-price contract. A retail | ||
| electric provider may not offer a contract for service at a variable | ||
| rate. | ||
| SECTION 2. As soon as practicable but not later than | ||
| December 1, 2021, the Public Utility Commission of Texas shall | ||
| adopt the rules required by Section 39.1026, Utilities Code, as | ||
| added by this Act. | ||
| SECTION 3. This Act takes effect September 1, 2021. | ||
