S.B. No. 715 aims to establish reliability requirements for electric generation facilities within the ERCOT power region. The bill amends Sections 39.1592(a) and (d) of the Utilities Code, specifying that the reliability requirements apply only to facilities that have been operational for at least one year and are not self-generators. It introduces new provisions that prevent penalties for resource unavailability due to planned maintenance or transmission outages, and for resources that can demonstrate the ability to operate continuously for 24 hours at or above their seasonal average generation capability. Additionally, it allows for exemptions for resources with dual grid interconnections that provide dispatchable generation.

The bill also includes provisions for the Public Utility Commission of Texas to adopt necessary rules by January 1, 2027, and allows for phased implementation of financial penalties and incentives to avoid market disruptions. It repeals certain sections from H.B. 1500 and encourages the commission to consider methods for rebating penalties to consumers or redirecting them towards reliability incentives. The act is set to take effect on September 1, 2025.

Statutes affected:
Introduced: Utilities Code 39.1592 (Utilities Code 39)
Senate Committee Report: Utilities Code 39.1592 (Utilities Code 39)
Engrossed: Utilities Code 39.1592 (Utilities Code 39)