78R5213 JJT-D

By:  Hamilton                                                     H.B. No. 3394

relating to the methodology of computing municipal franchise compensation payments for electric utilities in a region for which customer choice has been delayed. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Subchapter A, Chapter 33, Utilities Code, is amended by adding Section 33.0085 to read as follows: Sec. 33.0085. PAYMENT METHODOLOGY UNDER CERTAIN FRANCHISE AGREEMENTS. Section 33.008 does not apply to an electric utility operating in a power region for which the commission has delayed customer choice, and the electric utility shall make franchise compensation payments as provided by the franchise agreement between the electric utility and the municipality. SECTION 2. This Act takes effect immediately if it receives a vote of two-thirds of all the members elected to each house, as provided by Section 39, Article III, Texas Constitution. If this Act does not receive the vote necessary for immediate effect, this Act takes effect September 1, 2003.