SB 1015 (Texas, 88R): Periodic (semiannual) rate adjustments by electric utilities

Relating to periodic rate adjustments by electric utilities: lets transmission and distribution utilities such as Oncor file for distribution-cost recovery twice a year. Author Sen. Phil King; House sponsor Rep. Spiller. Signed by Gov. Abbott June 18, 2023, effective immediately. Texas Monthly (Oct 31, 2024) reported the bill was worth more than $50 million to Oncor in 2023 and that Oncor had paid $31 million since 2018 to Select Mat, a company King co-founded.