Relating to the approval of a certificate of convenience and necessity for certain transmission projects.
What changed between versions
Added new subsections (d-1) and (d-2) to Section 37.056 requiring the commission to establish multi-decade transmission planning criteria that evaluate potential customer savings using methods like discount rates, hurdle rates, or scenario planning.
Added authority for the commission to use evaluations conducted by independent organizations certified under Section 39.151 when considering transmission project certificates.
Changed the effective date for new proceedings from September 1, 2025 to September 1, 2026, while keeping the general act effective date at September 1, 2025.
Added requirements for the Public Utility Commission to adopt implementing rules by September 1, 2026, and directed the independent organization to take necessary implementation actions by the same date.