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TexasSB 196389th Legislature Regular SessionSenate

Relating to a financing mechanism allowing electric utilities to obtain recovery of costs associated with a weather-related event or other natural disaster; granting authority to issue bonds.

Sponsored By: Brandon Creighton (Republican), Will Metcalf

Signed by Governor

Disaster Preparedness & ReliefUtilities--ElectricBONDSPUBLIC UTILITY COMMISSION

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Utilities gain disaster bonds with bill charges

Texas expands bond financing for electric utilities’ storm and natural-disaster repairs, including utilities on the ERCOT power grid. Utilities can apply when estimated and actual restoration costs total at least $50 million in a calendar year. A separate issuer issues the bonds, and approved costs are recovered through customer bill charges. The Public Utility Commission must decide eligible costs and issue a financing order within 150 days after an application. Charges must be adjusted after estimated costs are checked against actual costs; no household charge amount is set. The law takes effect immediately with two-thirds approval in both houses; otherwise, its effective date is September 1, 2025.

Sponsors & Cosponsors

Sponsors

  • Brandon Creighton

    Republican • Senate

  • Will Metcalf

    House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 347 • No: 62

House vote • 5/2/2025

Record vote

Yes: 99 • No: 24

House vote • 5/1/2025

Record vote

Yes: 117 • No: 20

Senate vote • 4/23/2025

Record vote

Yes: 27 • No: 4

Senate vote • 4/23/2025

Record vote

Yes: 27 • No: 4

Senate vote • 4/23/2025

Record vote

Yes: 27 • No: 4

Senate vote • 4/23/2025

Record vote

Yes: 27 • No: 4

House vote • Unknown

Committee vote: State Affairs

Yes: 14 • No: 1

Senate vote • Unknown

Committee vote: Business & Commerce

Yes: 9 • No: 1

Actions Timeline

  1. Effective on 9/1/25

    5/19/2025House

  2. Signed by the Governor

    5/19/2025House

  3. Sent to the Governor

    5/7/2025House

  4. Signed in the House

    5/7/2025House

  5. Signed in the Senate

    5/7/2025Senate

  6. Reported enrolled

    5/5/2025Senate

  7. House passage reported

    5/5/2025Senate

  8. Statement(s) of vote recorded in Journal

    5/2/2025House

  9. Record vote (RV#1352)

    5/2/2025House

  10. Passed

    5/2/2025House

  11. Read 3rd time

    5/2/2025House

  12. Committee report sent to Calendars

    5/1/2025House

  13. Statement(s) of vote recorded in Journal

    5/1/2025House

  14. Record vote (RV#1224)

    5/1/2025House

  15. Passed to 3rd reading

    5/1/2025House

  16. Read 2nd time

    5/1/2025House

  17. Laid out in lieu of companion (HB 2869)

    5/1/2025House

  18. Committee report distributed

    5/1/2025House

  19. Comte report filed with Committee Coordinator

    5/1/2025House

  20. Reported favorably w/o amendment(s)

    4/30/2025House

  21. Considered in public hearing

    4/30/2025House

  22. Referred to State Affairs

    4/28/2025House

  23. Read first time

    4/28/2025House

  24. Received from the Senate

    4/24/2025House

  25. Reported engrossed

    4/23/2025Senate

Bill Text

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