Relating to the applicability of certain laws affecting indemnification agreements to certain contracts or agreements pertaining to electric utility infrastructure.

HB 3306 modifies Texas insurance law to exempt indemnity agreements in construction contracts for electric utility infrastructure from certain regulations. Specifically, it adds a new exception (Section 151.105(10)(C)) for agreements related to installing or maintaining electric power systems, including vegetation management for utilities. This exemption applies only to new contracts signed on or after September 1, 2025, leaving existing agreements under previous law. The change directly affects electric utility companies and contractors working on projects like power lines, substations, and grid maintenance.