The bill amends the Utilities Code to establish new provisions regarding interim rates charged by electric utilities during a rate suspension period. Specifically, it introduces Section 36.1091, which allows electric utilities to implement interim rates not exceeding the proposed rates during a suspension period ordered under Section 36.108. Utilities must notify retail electric providers at least 45 days before the interim rate takes effect. Additionally, the bill mandates that any excess money collected under these interim rates must be refunded or credited against future bills, while utilities may also surcharge bills to recover any shortfall compared to the final ordered rates.

Furthermore, the bill makes several amendments to existing sections, including the repeal of Sections 36.109 and 36.110, and updates Section 36.062 to clarify what expenses the regulatory authority cannot consider for ratemaking purposes. The changes apply only to rate proceedings initiated after the bill's effective date, ensuring that any proceedings started before this date will follow the previous laws. The bill is set to take effect immediately upon receiving a two-thirds vote from both houses or on September 1, 2025, if that threshold is not met.

Statutes affected:
Introduced: Utilities Code 36.062, Utilities Code 36.211, Utilities Code 36.109 (Utilities Code 36)