By: Oliveira H.B. No. 3323
A BILL TO BE ENTITLED
relating to the use by electric utilities of credit histories and
credit scores in determining rates.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter C, Chapter 39, Utilities Code, is
amended by adding Section 39.110 to read as follows:
Sec. 39.110. USE OF CUSTOMER CREDIT HISTORY OR CREDIT
SCORE. (a) In this section:
(1) "Credit history" means information regarding an
individual's past history of:
(A) financial responsibility;
(B) payment habits; or
(2) "Credit score" means a score, grade, or value that
is derived by using data from a credit history in any type of model,
method, or program for the purpose of grading or ranking credit
report data, whether derived electronically, from an algorithm,
through a computer software application model or program, or
through any other analogous process.
(b) A retail electric provider, aggregator, or other entity
that provides retail electric service may not use a residential
customer's credit history or credit score in determining the
customer's rate for service.
SECTION 2. This Act takes effect September 1, 2005.