S.B. No. 2810 aims to enhance the utilization of the Texas Energy Fund to support dispatchable electric generation that uses treated fluid oil and gas waste. The bill introduces a new subchapter in Chapter 34 of the Utilities Code, defining key terms such as "treated fluid oil and gas waste," "dispatchable electric generation," and "high renewable energy generation areas." It authorizes the Texas Energy Fund Administrator to allocate funds for projects that utilize treated fluid oil and gas waste as a primary water source for dispatchable electric generation, particularly in areas where renewable energy sources are prevalent, thereby addressing economic challenges faced by dispatchable power plants.

Additionally, the bill mandates the Public Utility Commission of Texas to oversee the integration of these criteria into the Texas Energy Fund's administration and to develop guidelines for project eligibility. The Texas Energy Fund Administrator, in collaboration with relevant environmental and regulatory agencies, is required to establish project application guidelines within 180 days of the Act's effective date. The allocated funds will be used for infrastructure development, operational incentives, and feasibility studies for eligible projects, with an annual review to assess the impact of these incentives on dispatchable generation investments. The Act will take effect immediately upon passage by a two-thirds majority vote or on September 1, 2025, if the necessary votes are not obtained.

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