88(R) SB 1929 - Enrolled version - Bill Text

	S.B.  No.  1929

	AN ACT
	relating to the registration of virtual currency mining facilities
	in the ERCOT power region that demand a large load of interruptible
	power.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION  1.    Subchapter H, Chapter 39, Utilities Code, is
	amended by adding Section 39.360 to read as follows:
	Sec.  39.360.    LARGE FLEXIBLE LOAD REGISTRATION.  (a)  In this
	section:
	(1)    "Virtual currency" has the meaning assigned by
	Section 12.001, Business & Commerce Code.
	(2)    "Virtual currency mining facility" means a
	facility that uses electronic equipment to add virtual currency
	transactions to a distributed ledger.
	(b)    The commission by rule shall require a person operating
	a virtual currency mining facility who enters into an agreement for
	retail electric service in the ERCOT power region to register the
	facility receiving service as a large flexible load under this
	section if:
	(1)    the facility requires a total load of more than 75
	megawatts; and
	(2)    the facility load is interruptible.
	(c)    The rules must require a person described by Subsection
	(b) to:
	(1)    register the large flexible load with the
	commission not later than one business day after the date the
	agreement begins; and
	(2)    provide the commission with:
	(A)    the location of the facility; and
	(B)    the anticipated demand from the facility for
	the five-year period beginning on the date of the registration.
	(d)    The commission by rule shall:
	(1)    adopt criteria for determining whether a load is
	interruptible for the purposes of this section based on whether it
	is possible for the facility operator to choose to interrupt the
	load; and
	(2)    establish a method to ensure compliance with this
	section.
	(e)    The commission may share with an independent
	organization certified under Section 39.151 registration
	information received under this section.
	SECTION  2.    This Act takes effect September 1, 2023.
	______________________________	______________________________
	President of the Senate	Speaker of the House
	I hereby certify that S.B.  No.  1929 passed the Senate on
	April  12,  2023, by the following vote: Yeas  31, Nays  0; and that
	the Senate concurred in House amendments on May  27,  2023, by the
	following vote: Yeas  30, Nays  1.
	______________________________
	Secretary of the Senate
	I hereby certify that S.B.  No.  1929 passed the House, with
	amendments, on May  22,  2023, by the following vote: Yeas  140,
	Nays  5, one  present  not  voting.
	______________________________
	Chief Clerk of the House
	Approved:
	______________________________
	Date
	______________________________
	Governor