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Senate Bill 1693 |
Senate Author: Carona |
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Effective: 5-28-11 |
House Sponsor: Thompson |
Senate Bill 1693 amends the Utilities Code to set out temporary provisions, set to expire January 1, 2017, relating to periodic rate adjustments by electric utilities. The bill authorizes the Public Utility Commission of Texas (PUC) or a regulatory authority to approve a tariff or rate schedule in which a nonfuel rate may be periodically adjusted, based on changes in certain parts of the utility's invested capital, and establishes requirements and restrictions relating to such periodic rate adjustments. The bill requires the PUC to adopt rules necessary to implement the bill's provisions not later than the 120th day after the bill's effective date and to study and report on any adjustments established under the bill's provisions.