This bill amends the Texas Utilities Code to require that lease agreements for wind and solar power facilities include specific provisions related to the recycling and disposal of facility components. It introduces a definition for "Recycle" as the processing of an item to recover a usable product and expands the definitions of "Wind power facility" and "Solar power facility" to include various components and support equipment. The bill mandates that agreements must specify the grantee's responsibilities for collecting, reusing, or recycling components that can be reused or recycled, as well as the proper disposal of components that cannot be recycled, in compliance with applicable laws.

Additionally, the bill requires that financial assurance be provided to secure the grantee's obligations related to the removal, recycling, or disposal of facility components. The financial assurance must cover the estimated costs of these activities, and the grantee is responsible for ensuring that the amount remains sufficient throughout the agreement's term. The bill applies only to agreements entered into on or after its effective date of September 1, 2025, while agreements made prior to this date will continue to be governed by the existing law.

Statutes affected:
Introduced: Utilities Code 301.0001, Utilities Code 301.0003, Utilities Code 301.0004, Utilities Code 302.0001, Utilities Code 302.0004, Utilities Code 302.0005 (Utilities Code 301, Utilities Code 302)