By: Hamilton H.B. No. 3394
A BILL TO BE ENTITLED
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.