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A BILL TO BE ENTITLED
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AN ACT
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relating to energy efficiency goals for electric utilities. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 39.905, Utilities Code, is amended by |
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adding Subsections (a-1) and (b-2) to read as follows: |
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(a-1) In addition to meeting the demand goals provided by |
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Subsection (a), each electric utility shall also meet an annual |
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energy savings goal of: |
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(1) one-fourth of one percent annual energy savings in |
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the 2024 calendar year; |
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(2) one-half of one percent annual energy savings in |
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the 2025 calendar year; |
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(3) three-fourths of one percent annual energy savings |
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in the 2026 calendar year; and |
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(4) one percent annual energy savings beginning with |
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the 2027 calendar year. |
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(b-2) The commission by rule shall provide a method to |
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establish each utility's annual savings goal under Subsection |
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(a-1). The method must be based on the existing and expected usage |
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of electricity delivered in a utility's service area that is |
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required to pay the annual energy efficiency cost recovery fee. In |
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adopting rules, the commission may provide for cost caps for the |
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implementation of Subsection (a-1) and provide good cause |
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exceptions for a utility that is unable to meet the goal in a |
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cost-effective manner. |
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SECTION 2. The Public Utility Commission of Texas shall |
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adopt rules to implement the changes made by this Act to Section |
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39.905, Utilities Code, not later than December 31, 2023. |
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SECTION 3. This Act takes effect September 1, 2023. |