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 for electric generating facilities. Under this new provision, the Public Utility Commission of Texas is required to prioritize applications for grants or loans from 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 rule will only apply to applications submitted on or 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 seeks to enhance the efficiency and effectiveness of funding allocation within the Texas Energy Fund, ensuring that larger electric generating facilities receive the necessary financial support to operate and expand.

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