TITLE: Relating to the provision of loans and grants from the Texas energy fund for certain electric generating facilities.

SUMMARY: Relating to the provision of loans and grants from the Texas energy fund for certain electric generating facilities.

FULL TEXT:
AN ACT relating to the provision of loans and grants from the Texas energy fund for certain electric generating facilities. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Subchapter A, Chapter 34, Utilities Code, is amended by adding Section 34.01015 to read as follows: Sec. 34.01015. APPLICABILITY. For the purposes of this chapter: (1) an electric generating facility is considered to be dispatchable if the facility's output can be controlled primarily by forces under human control; and (2) an electric generating facility that uses petroleum, natural gas, coal, geothermal energy, hydroelectric energy, or nuclear energy as the primary energy source is considered to be dispatchable. SECTION 2. Section 34.0104(a), Utilities Code, is amended to read as follows: (a) The commission may use money in the fund without further appropriation to provide loans to finance upgrades to existing dispatchable electric generating facilities providing power for the ERCOT power region that result in a net increase of at least 100 megawatts of capacity for each facility or the construction of dispatchable electric generating facilities providing power for the ERCOT power region that each have a generation capacity of at least 100 megawatts. [For the purposes of this section, a generating facility is considered to be dispatchable if the facility's output can be controlled primarily by forces under human control.] An electric energy storage facility is not eligible for a loan under this section. SECTION 3. Section 34.0105(a), Utilities Code, is amended to read as follows: (a) The commission shall provide, using money available in the fund for the purpose without further appropriation, a completion bonus grant for the construction of dispatchable electric generating facilities in the ERCOT power region. [For the purposes of this section, a generating facility is considered to be dispatchable if the facility's output can be controlled primarily by forces under human control.] An electric energy storage facility is not eligible for a grant under this section. SECTION 4. This Act takes effect September 1, 2025.