Sec. 104.379. CATASTROPHIC WEATHER EVENT STUDY. (a) The railroad commission shall conduct a study on measures to mitigate catastrophic weather events, including measures to:
(1) establish natural gas storage capacity to ensure a reliable gas supply, including location, ownership, and other pertinent factors regarding gas storage capacity;
(2) assess the advantages and disadvantages of requiring local distribution companies to use hedging tactics to avoid volatile customer rates; and
(3) assess the advantages and disadvantages of prohibiting spot market purchases during a catastrophic weather event that contribute to volatile customer rates.
(b) Not later than December 1, 2022, the railroad commission shall report the railroad commission's findings to the governor, the lieutenant governor, and the speaker of the house of representatives.
(c) This section expires August 31, 2023.
Added by Acts 2021, 87th Leg., R.S., Ch. 805 (H.B. 1520), Sec. 5, eff. June 16, 2021.
Structure Texas Statutes
Subtitle A - Gas Utility Regulatory Act
Chapter 104 - Rates and Services
Subchapter I. Customer Rate Relief Bonds
Section 104.361. Purpose; Railroad Commission Duty
Section 104.363. Extraordinary Costs
Section 104.364. Jurisdiction and Powers of Railroad Commission and Other Regulatory Authorities
Section 104.365. Regulatory Asset Determination
Section 104.366. Financing Orders and Issuance of Customer Rate Relief Bonds
Section 104.367. Property Rights
Section 104.368. Property Interest Not Subject to Setoff, Counterclaim, Surcharge, or Defense
Section 104.369. Customer Rate Relief Charges Nonbypassable
Section 104.370. True-Up Mechanism
Section 104.371. Security Interests; Assignment; Commingling; Default
Section 104.372. Bond Proceeds in Trust
Section 104.373. Repayment of Customer Rate Relief Bonds
Section 104.374. Pledge of State
Section 104.375. Tax Exemption
Section 104.376. Recoverable Tax Expense
Section 104.377. Issuing Financing Entity or Financing Party Not Public Utility
Section 104.378. No Personal Liability