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 facing economic challenges due to high renewable energy generation.

Additionally, the bill mandates the Public Utility Commission of Texas to oversee the integration of these criteria into the Texas Energy Fund's administration. It requires the establishment of project application guidelines within 180 days of the Act's effective date and outlines that funds allocated under this Act will be used for infrastructure development, operational incentives, and feasibility studies for eligible projects. The Public Utility Commission is also tasked with developing guidelines to assess project eligibility and conducting an annual review to evaluate 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 achieved.

Statutes affected:
Introduced: ()