TITLE: Relating to the applicability of state law regulating the decommissioning costs of certain newly constructed commercial nuclear-powered electric generating facilities.

SUMMARY: Relating to the applicability of state law regulating the decommissioning costs of certain newly constructed commercial nuclear-powered electric generating facilities.

FULL TEXT:
AN ACT relating to the applicability of state law regulating the decommissioning costs of certain newly constructed commercial nuclear-powered electric generating facilities. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 39.206(a)(3), Utilities Code, is amended to read as follows: (3) "Nuclear generating unit" means an electric generating facility that uses nuclear energy to generate electricity for sale and is licensed by the Nuclear Regulatory Commission [and was under construction in this state after January 1, 2007, but before January 1, 2015].SECTION 2. Section 39.206(b), Utilities Code, is amended to read as follows: (b) This section applies only to the first six nuclear generating [generation] units the [under] construction of which begins on or after January 1, 2013, and before January 1, 2033, and which are [by January 1, 2015] owned in whole or in part by a power generation company that elects to utilize the decommissioning mechanism set forth in this section. SECTION 3. 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.