|
Senate Bill 1464 |
Senate Author: Van de Putte |
|
Effective: 9-1-05 |
House Sponsor: Puente |
Senate Bill 1464 amends the Utilities Code to authorize the Public Utility Commission of Texas to adopt rules to ensure that money for the decommissioning of a nuclear power plant is prudently collected, managed, and spent for its intended purpose and that money remaining unspent after decommissioning is returned to retail customers. The bill amends the Government Code to authorize a municipality that owns a municipal electric utility that is engaged in the distribution and sale of electricity or natural gas to the public to invest funds held in a decommissioning trust in any investment authorized by the Texas Trust Code (including the Uniform Prudent Investor Act).