Texas HB145 amends the Utilities Code to allow electric utilities to self-insure against wildfire-related damages and requires wildfire mitigation.

Texas HB145 modifies the Utilities Code to allow electric utilities to self-insure against potential liability or catastrophic losses from wildfires, provided certain conditions are met. The Public Utility Commission of Texas must approve the self-insurance plan if it is in the public interest. Additionally, electric utilities, municipally owned utilities, and electric cooperatives must file wildfire mitigation plans with the commission. These plans must include details on wildfire risk areas, vegetation management, and procedures for restoring service during and after wildfires.

Texas HB145 amends the Utilities Code to allow electric utilities to self-insure against wildfire-related damages and requires wildfire mitigation.

Texas HB145 modifies the Utilities Code to allow electric utilities to self-insure against potential liability or catastrophic losses from wildfires, provided certain conditions are met. The Public Utility Commission of Texas must approve the self-insurance plan if it is in the public interest. Additionally, electric utilities, municipally owned utilities, and electric cooperatives must file wildfire mitigation plans with the commission. These plans must include details on wildfire risk areas, vegetation management, and procedures for restoring service during and after wildfires.