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A BILL TO BE ENTITLED
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AN ACT
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relating to purchased power costs incurred by electric utilities. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 36.205, Utilities Code, is amended by |
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adding Subsection (e) to read as follows: |
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(e) Notwithstanding Subsection (a), an electric utility may |
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apply to the commission for review and approval of an agreement |
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between the electric utility and another person for the purchase of |
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power by the electric utility if approval by the commission is a |
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pre-condition to the effectiveness of the electric utility's right |
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or obligation to purchase power under the agreement. This |
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subsection applies only to an agreement with a term of three years |
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or more. The commission by rule shall implement this subsection |
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consistent with the standards and procedures in the commission's |
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rules governing contested cases on certificates of convenience and |
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necessity for generating facilities adopted under Sections 37.056 |
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and 37.058. This subsection expires September 1, 2033. |
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SECTION 2. This Act takes effect September 1, 2023. |