The bill, S.B. No. 970, amends the Utilities Code by adding a new section, 34.0111, which establishes a prioritization system for awarding grants and loans from the Texas Energy Fund. Specifically, the bill mandates that the Public Utility Commission of Texas prioritize grants and loans for electric generating facilities that have a generation capacity of at least 750 megawatts. This change aims to support larger energy projects that can significantly contribute to the state's energy supply.

The new prioritization will only apply to applications for grants or loans submitted after the effective date of the Act, which is set for September 1, 2025. This means that any applications made before this date will not be subject to the new prioritization criteria. The bill reflects a strategic approach to energy funding, focusing on larger facilities that can enhance Texas's energy infrastructure.

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