SB 1664 seeks to improve public transparency in the rate-setting processes of transmission and distribution utilities in Texas. The bill adds Section 39.113 to Subchapter C, Chapter 39 of the Texas Utilities Code and imposes a new requirement for utilities when submitting a statement of intent to change rates. Specifically, the legislation mandates the inclusion of a stand-alone, easy-to-understand document that outlines the scope and impact of the proposed rate change.
This required document must detail several key components: the specific rate changes applicable to each rate class, the timeframe in which the new rates will be in effect, and the projected revenue the utility expects to collect under the new rates. For base rate increases, this projection covers a four-year period; for other rate changes, it spans the duration the change remains effective. Additionally, utilities must include a side-by-side comparison of current versus proposed delivery charges for an average residential customer, along with the monetary difference.
To further facilitate public access and comprehension, SB 1664 directs the Public Utility Commission of Texas (PUCT) to ensure these documents are presented in a format easily understandable by consumers. Moreover, the PUCT is tasked with maintaining and updating rate information monthly on its website, including the state's consumer comparison platform, “Power to Choose.” The bill also accounts for regulatory adjustments by requiring updated public documents if the commission modifies a proposed rate change before approval.
In essence, SB 1664 increases utility rate transparency, enhances consumer access to vital pricing information, and reinforces accountability in utility filings without imposing substantive regulatory constraints on pricing or business models.