| |
| |
|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
|
|
relating to a study of potential rules, procedures, and protocols |
|
|
to eliminate or compensate for market distortion caused by certain |
|
|
federal tax credits. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Subchapter D, Chapter 39, Utilities Code, is |
|
|
amended by adding Section 39.159 to read as follows: |
|
|
Sec. 39.159. ELIMINATING EFFECTS OF CERTAIN FEDERAL TAX |
|
|
CREDITS. (a) The commission and the ERCOT independent system |
|
|
operator shall study potential rules, operating procedures, and |
|
|
protocols to eliminate or compensate for any distortion in |
|
|
electricity pricing in the ERCOT power region caused by a federal |
|
|
tax credit provided under 26 U.S.C. Section 45. The commission |
|
|
shall request comments from interested parties as part of the |
|
|
study. |
|
|
(b) The scope of the study under this section must include |
|
|
peak price formation, negative pricing, ancillary services, |
|
|
congestion, reserve margins, and transmission and distribution |
|
|
costs. |
|
|
(c) The commission shall include the results of the study in |
|
|
the report required by Section 31.003 to be submitted to the |
|
|
legislature before January 15, 2021. |
|
|
(d) This section expires September 1, 2021. |
|
|
SECTION 2. This Act takes effect September 1, 2019. |