S.B. No. 2268 amends the Utilities Code regarding loans and grants from the Texas energy fund. It establishes that information submitted to the commission for the purpose of determining the award of grants or loans is confidential and not subject to public disclosure under Chapter 552 of the Government Code. The bill also introduces a new provision allowing construction loans to municipally owned utilities to be issued as public securities, provided they are secured by a senior lien on net revenues or electric system assets. Additionally, it clarifies that outstanding loans and grants cannot support the construction of more than 10,000 megawatts of generation capacity.

Furthermore, the bill allows the commission to extend the deadline for disbursing initial loan funds beyond December 31, 2025, if market factors necessitate such an extension. Applicants may request disbursement of funds after this date, with the commission evaluating each request individually. The bill also emphasizes that grants provided under the relevant sections cannot support the construction of more than 10,000 megawatts of generation capacity, reinforcing the confidentiality of submitted information throughout the process.

Statutes affected:
Introduced: Utilities Code 34.0104 (Utilities Code 34)
Senate Committee Report: Utilities Code 34.0104 (Utilities Code 34)
Engrossed: Utilities Code 34.0104, Utilities Code 34.0105 (Utilities Code 34)
House Committee Report: Utilities Code 34.0103, Utilities Code 34.0104, Utilities Code 34.0105, Utilities Code 34.0205 (Utilities Code 34)
Enrolled: Utilities Code 34.0103, Utilities Code 34.0104, Utilities Code 34.0105, Utilities Code 34.0205 (Utilities Code 34)