Amend SB 566 (senate committee printing) in SECTION 1 of the bill, immediately following added Section 32.152, Utilities Code (page 2, between lines 4 and 5), by inserting the following:
Sec. 32.153. LIMITED DURATION. (a) Except as provided by Subsection (b), the commission may review the rates of a municipally owned utility under this subchapter only until September 1, 2026.
(b) The commission may review the rates of a municipally owned utility under this subchapter after September 1, 2026, if:
(1) the municipally owned utility did not initiate a base rate proceeding during the period beginning September 1, 2021, and ending September 1, 2026; and
(2) the rates being reviewed are proposed for or were adopted in the first base rate proceeding initiated by the municipally owned utility after September 1, 2026.