79R9804 T
By: Carona S.B. No. 1344
A BILL TO BE ENTITLED
AN ACT
relating to investment in research and development by utilities of
the state of Texas.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Chapter 53, Utilities Code, is amended by adding
Section 53.066 read as follows:
Sec. 53.066. INVESTMENT IN RESEARCH AND DEVELOPMENT. It is
the intent of the legislature that commission ensures that the
electric utilities invest sufficiently in technology research and
development related to the transmission, distribution, storage and
use of electricity in this state, taking advantage of the research
and development resources of this state and its institutions, in
such a manner as to assure future ratepayers capture the benefits of
advanced electricity technologies, systems, or processes, that
enable increased efficiency and reliability and reduce the
long-term cost of providing electric power, while contributing to
the economic development and job creation goals of the state.
SECTION 2. This Act takes effect September 1, 2005.