S.B. No. 2810 aims to enhance the utilization of the Texas Energy Fund to support dispatchable electric generation that utilizes 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 use 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 amends Chapter 481 of the Government Code to ensure that the Texas Energy Fund considers these projects when evaluating economic incentives for new energy infrastructure investments. The Public Utility Commission of Texas is tasked with overseeing the integration of these criteria and developing 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 bill's enactment. The bill emphasizes the importance of 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.

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