Bill Text: TX SB1478 | 2013-2014 | 83rd Legislature | Comm Sub
Bill Title: Relating to the satisfaction of annual renewable energy requirements by certain utilities.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2013-05-17 - Not again placed on intent calendar [SB1478 Detail]
Download: Texas-2013-SB1478-Comm_Sub.html
| By: Rodriguez | S.B. No. 1478 | |
| (In the Senate - Filed February 11, 2013; March 18, 2013, | ||
| read first time and referred to Committee on Business and Commerce; | ||
| May 1, 2013, reported adversely, with favorable Committee | ||
| Substitute by the following vote: Yeas 6, Nays 0; May 1, 2013, | ||
| sent to printer.) | ||
| COMMITTEE SUBSTITUTE FOR S.B. No. 1478 | By: Watson | |
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| relating to the satisfaction of annual renewable energy | ||
| requirements by certain utilities. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 39.904, Utilities Code, is amended by | ||
| adding Subsection (c-1) to read as follows: | ||
| (c-1) Notwithstanding any other law, the commission by rule | ||
| shall require an investor-owned electric utility that was not | ||
| affiliated with ERCOT and was operating solely outside of ERCOT in | ||
| areas of this state that were included in the Western Electricity | ||
| Coordinating Council on January 1, 2013, to satisfy, not later than | ||
| December 31, 2015, at least 15 percent of the annual renewable | ||
| energy requirement under Subsection (c) through capacity or | ||
| purchases of renewable energy credits that are physically metered | ||
| and verified in the utility's Texas or New Mexico service area. The | ||
| electric utility must satisfy at least 20 percent of that energy | ||
| requirement in that manner by December 31, 2018, and at least 35 | ||
| percent by December 31, 2021. These requirements are subject to the | ||
| following conditions: | ||
| (1) the electric utility may not be required to | ||
| satisfy more than the specified percentages through capacity or | ||
| purchases of renewable energy credits that are physically metered | ||
| and verified in the utility's Texas or New Mexico service area; | ||
| (2) the maximum amount per renewable energy credit | ||
| that the electric utility is required to incur in satisfaction of | ||
| this subsection is the lesser of $50 or five times the average | ||
| amount the electric utility paid for the purchase of a renewable | ||
| energy credit for compliance in the previous year, and to the extent | ||
| renewable energy credits cannot be obtained for that price, the | ||
| electric utility is relieved of any further obligations under this | ||
| subsection for that year; and | ||
| (3) the commission shall count toward the satisfaction | ||
| of the obligations of this section any capacity or purchases of | ||
| renewable energy credits that: | ||
| (A) are physically metered and verified in the | ||
| utility's New Mexico service area; and | ||
| (B) are registered with a renewable energy | ||
| generation information system that is designed to create and track | ||
| ownership of renewable energy credits and that, through the use of | ||
| independently audited generation data, verifies the generation and | ||
| delivery of electricity associated with each renewable energy | ||
| credit and protects against counting the same renewable energy | ||
| credit more than once. | ||
| SECTION 2. The Public Utility Commission of Texas shall | ||
| adopt rules to implement Subsection (c-1), Section 39.904, | ||
| Utilities Code, as added by this Act, as soon as practicable | ||
| following the effective date of this Act, but not later than August | ||
| 31, 2014. | ||
| SECTION 3. This Act takes effect January 1, 2014. | ||
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