| TO: | Honorable Byron Cook, Chair, House Committee On State Affairs |
| FROM: | Ursula Parks, Director, Legislative Budget Board |
| IN RE: | HB723 by Anchia (Relating to renewable energy capacity, jobs, and trading credits.), As Introduced |
The bill would amend the Utilities Code to provide definitions for tier 1 and tier 2 renewable energy technology and specify renewable generation capacity requirements for each tier. The bill would require the Public Utility Commission (PUC) to establish renewable energy credit trading programs for tier 1 and tier 2 renewable energy technology, add requirements for the purchase of tier 2 renewable energy credits, and allow the PUC to create a sub-tier within tier 2 renewable energy credits for the purpose of encouraging technological diversity. The bill would also establish alternative compliance payment guidelines for renewable energy purchase requirements. The bill would require the PUC to adopt rules to implement the provisions of the bill.
Based on information provided by the PUC, it is assumed that the duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.
| Source Agencies: | 473 Public Utility Commission of Texas
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| LBB Staff: | UP, AG, MW, ED
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