Bill Text: TX SB1929 | 2023-2024 | 88th Legislature | Enrolled
Bill Title: Relating to the registration of virtual currency mining facilities in the ERCOT power region that demand a large load of interruptible power.
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: (Passed) 2023-06-09 - Effective on 9/1/23 [SB1929 Detail]
Download: Texas-2023-SB1929-Enrolled.html
S.B. No. 1929 |
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relating to the registration of virtual currency mining facilities | ||
in the ERCOT power region that demand a large load of interruptible | ||
power. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Subchapter H, Chapter 39, Utilities Code, is | ||
amended by adding Section 39.360 to read as follows: | ||
Sec. 39.360. LARGE FLEXIBLE LOAD REGISTRATION. (a) In this | ||
section: | ||
(1) "Virtual currency" has the meaning assigned by | ||
Section 12.001, Business & Commerce Code. | ||
(2) "Virtual currency mining facility" means a | ||
facility that uses electronic equipment to add virtual currency | ||
transactions to a distributed ledger. | ||
(b) The commission by rule shall require a person operating | ||
a virtual currency mining facility who enters into an agreement for | ||
retail electric service in the ERCOT power region to register the | ||
facility receiving service as a large flexible load under this | ||
section if: | ||
(1) the facility requires a total load of more than 75 | ||
megawatts; and | ||
(2) the facility load is interruptible. | ||
(c) The rules must require a person described by Subsection | ||
(b) to: | ||
(1) register the large flexible load with the | ||
commission not later than one business day after the date the | ||
agreement begins; and | ||
(2) provide the commission with: | ||
(A) the location of the facility; and | ||
(B) the anticipated demand from the facility for | ||
the five-year period beginning on the date of the registration. | ||
(d) The commission by rule shall: | ||
(1) adopt criteria for determining whether a load is | ||
interruptible for the purposes of this section based on whether it | ||
is possible for the facility operator to choose to interrupt the | ||
load; and | ||
(2) establish a method to ensure compliance with this | ||
section. | ||
(e) The commission may share with an independent | ||
organization certified under Section 39.151 registration | ||
information received under this section. | ||
SECTION 2. This Act takes effect September 1, 2023. | ||
______________________________ | ______________________________ | |
President of the Senate | Speaker of the House | |
I hereby certify that S.B. No. 1929 passed the Senate on | ||
April 12, 2023, by the following vote: Yeas 31, Nays 0; and that | ||
the Senate concurred in House amendments on May 27, 2023, by the | ||
following vote: Yeas 30, Nays 1. | ||
______________________________ | ||
Secretary of the Senate | ||
I hereby certify that S.B. No. 1929 passed the House, with | ||
amendments, on May 22, 2023, by the following vote: Yeas 140, | ||
Nays 5, one present not voting. | ||
______________________________ | ||
Chief Clerk of the House | ||
Approved: | ||
______________________________ | ||
Date | ||
______________________________ | ||
Governor |