Enrolled Bill Summary

House Bill 1692 amends the Utilities Code to postpone the implementation of electric utility retail customer choice until the later of January 1, 2007, or the date certain non-ERCOT utilities are authorized by the Public Utility Commission of Texas to implement customer choice. The bill requires certain electric utilities to submit to the electric utility restructuring legislative oversight committee an analysis of the need for transmission facilities and to file with the commission a plan to develop transmission interconnections. The commission must review and approve the plan and also approve a rate rider mechanism for the recovery of costs related to transmission facilities. The bill provides for a process by which the utilities may recoup expenses relating to the transition to competition.