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A BILL TO BE ENTITLED
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AN ACT
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relating to funding mechanisms to support the construction of |
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electric generating facilities. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 34.0103, Utilities Code, is amended by |
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to read as follows: |
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Sec. 34.0104. LOANS FOR ERCOT POWER REGION. (a) The |
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commission may use money in the fund without further appropriation |
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to provide loans to finance upgrades to existing dispatchable |
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electric generating facilities providing power for the ERCOT power |
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region that result in a net increase of at least 100 megawatts of |
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capacity for each facility or the construction of dispatchable |
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electric generating facilities providing power for the ERCOT power |
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region that each have a generation capacity of at least 100 |
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megawatts. The commission may use money in the fund without further |
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appropriation to provide loans to finance the construction of |
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electric generating facilities providing power for the ERCOT power |
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region that have a generation capacity of at least 10 megawatts |
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utilizing emerging technology sources of thermal dispatchable |
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electricity generation. For the purposes of this section, a |
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generating facility is considered to be dispatchable if the |
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facility's output can be controlled primarily by forces under human |
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control. A battery [An electric] energy storage facility is not |
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eligible for a loan under this section. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2025. |