Bill Text: TX SB1291 | 2023-2024 | 88th Legislature | Introduced
Bill Title: Relating to the reimbursement of a municipality's expenses in a ratemaking proceeding for electric or gas utilities.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2023-03-09 - Referred to Business & Commerce [SB1291 Detail]
Download: Texas-2023-SB1291-Introduced.html
88R12950 DIO-F | ||
By: King | S.B. No. 1291 |
|
||
|
||
relating to the reimbursement of a municipality's expenses in a | ||
ratemaking proceeding for electric or gas utilities. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 36.210(f), Utilities Code, is amended to | ||
read as follows: | ||
(f) Nothing in this section is intended to: | ||
(1) conflict with a provision contained in a financing | ||
order issued under Subchapter I of this chapter or Subchapter G or | ||
J, Chapter 39; | ||
(2) affect the limitation on the commission's | ||
jurisdiction under Section 32.002; | ||
(3) include in a periodic rate adjustment authorized | ||
by this section costs adjusted under a transmission cost-of-service | ||
adjustment approved under Section 35.004(d); | ||
(4) limit the jurisdiction of a municipality over the | ||
rates, operations, and services of an electric utility as provided | ||
by Section 33.001; | ||
[ |
||
(5) [ |
||
(A) reviewing the investment costs included in a | ||
periodic rate adjustment or in the following comprehensive base | ||
rate proceeding to determine whether the costs were prudent, | ||
reasonable, and necessary; or | ||
(B) refunding to customers any amount improperly | ||
recovered through the periodic rate adjustments, with appropriate | ||
carrying costs. | ||
SECTION 2. The following provisions of the Utilities Code | ||
are repealed: | ||
(1) Section 33.023(b); and | ||
(2) Section 103.022(b). | ||
SECTION 3. This Act applies only to a ratemaking proceeding | ||
commenced on or after the effective date of this Act. A ratemaking | ||
proceeding commenced before the effective date of this Act is | ||
governed by the law in effect on the date the ratemaking proceeding | ||
was commenced, and the former law is continued in effect for that | ||
purpose. | ||
SECTION 4. 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, 2023. |