H.B. No. 5617 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 competition with renewable energy sources.

Additionally, the bill amends Chapter 481 of the Government Code to ensure that the Texas Energy Fund considers projects meeting the specified criteria 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 establishing project application guidelines within 180 days of the Act's effective date. 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: Utilities Code 34.007 (Utilities Code 34)