Honorable David Dewhurst, Lieutenant Governor, Senate
FROM:
John S O'Brien, Director, Legislative Budget Board
IN RE:
SB1693 by Carona (Relating to periodic rate adjustments by electric utilities.), As Passed 2nd House
No significant fiscal implication to the State is anticipated.
The bill would amend the Utilities Code to allow for the approval of a tariff or rate schedule in which a nonfuel rate may be periodically adjusted based on changes in the utility’s invested capital. The bill would require the Public Utility Commission to adopt rules to implement the provisions of the bill.
Based on the analysis of the Public Utility Commission, it is assumed that duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.