The bill, H.B. No. 3676, proposes an amendment to 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 applications for grants or loans for electric generating facilities that have a generation capacity of at least 750 megawatts. This change aims to streamline funding towards larger energy projects that can significantly contribute to the state's energy production.

The new prioritization 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 reflects a strategic approach to enhance the state's energy infrastructure by focusing resources on more substantial electric generating facilities.

Statutes affected:
Introduced: ()