Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
SB 714 addresses electricity market distortions caused by federal tax credits under 26 U.S.C. Section 45. It directs the Public Utility Commission of Texas and ERCOT to adopt rules and procedures to eliminate or compensate for these distortions, ensuring costs incurred from below-market prices are borne by those responsible. The bill also mandates the removal of rules that adjust electricity prices based on reserve values and probabilities of lost load.
Author (1)
Kevin Sparks
Co-Author (3)
Brandon Creighton
Lois Kolkhorst
Mayes Middleton