2016 Regular Session
|At the request of:||(at the request of House Interim Committee on Energy and Environment)|
|Regular Sponsors:||(Presession Filed)|
|Bill Title:||Relating to utility regulation; declaring an emergency.|
|Catchline/Summary:||Requires each electric company providing electricity to retail electricity consumers located in this state to eliminate coal-fired resources from electric company's electricity supply.
Changes compliance requirements for renewable portfolio standards. Makes other changes to provisions setting forth renewable portfolio standards. Requires, by 2035, eight percent of retail electrical load of electric company to come from certain small-scale renewable energy projects or biomass generating facilities that generate thermal energy for secondary purpose. Directs Public Utility Commission to establish stranded costs obligation associated with condemnation of or transaction related to service territory or property of electric company. Directs commission to allow, in public bidding process for procurement of renewable energy generating facility, inclusion of value of long-term access to and use of facility beyond time at which facility is fully depreciated.] Directs commission to establish means by which electric company may track, and credit or charge customers for, difference between state or federal production tax credits included in rates charged by electric company and actual production tax credits received by electric company.] Requires each electric company to file applications with commission for programs to accelerate transportation electrification. Allows return of and return on investment made by electric company for purposes of programs. Directs commission to establish program for creation of community solar projects. Repeals minimum solar energy capacity standard for electric companies. Declares emergency, effective on passage.
|Fiscal Impact:||Fiscal Impact Issued|
|Revenue Impact:||No Revenue Impact, Statement Issued (Indeterminate Impact)|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||In Senate Committee|
|Current Committee:||Senate Committee On Health Care|