TITLE: Relating to utilities' expenditures for recharging stations for electric vehicles.

SUMMARY: Relating to utilities' expenditures for recharging stations for electric vehicles.

FULL TEXT:
AN ACT relating to utilities' expenditures for recharging stations for electric vehicles. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Subchapter B, Chapter 36, Utilities Code, is amended by adding Section 36.066 to read as follows: Sec. 36.066. ALLOWANCE OF EXPENSES RELATED TO ELECTRIC CAR RECHARGING STATIONS. (a) A regulatory authority shall allow as reasonable and necessary expenses an electric utility's expenditures related to recharging stations for electric vehicles to the extent the expenditures qualify for inclusion under Subsection (b). (b) To qualify for inclusion as a reasonable and necessary expense for ratemaking purposes, an electric utility's expenditure must be made: (1) with a business incorporated or formed in this state and located in this state; and (2) for equipment, a good, or a service necessary for planning, designing, constructing, installing, or maintaining for the electric utility a recharging station: (A) for electric vehicles designed for roadway use; and (B) the core functional components of which are wholly or substantially produced or assembled at a location in this state by a business incorporated or formed in this state. SECTION 2. This Act takes effect immediately if it receives a vote of two-thirds of all the members elected to each house, as provided by Section 39, Article III, Texas Constitution.