Texas HB4374 mandates the Public Utility Commission to set an annual energy savings goal for electric utilities.

HB4374 amends the Utilities Code to require the Public Utility Commission of Texas to establish a method for setting an annual energy savings goal of one percent by 2032 for each electric utility. The method must consider the existing and expected electricity usage in the utility's service area. The commission can set cost caps and provide exceptions for utilities unable to meet the goal cost-effectively. The commission must adopt rules to implement these changes by December 31, 2025, and the act takes effect September 1, 2025.

Texas HB4374 mandates the Public Utility Commission to set an annual energy savings goal for electric utilities.

HB4374 amends the Utilities Code to require the Public Utility Commission of Texas to establish a method for setting an annual energy savings goal of one percent by 2032 for each electric utility. The method must consider the existing and expected electricity usage in the utility's service area. The commission can set cost caps and provide exceptions for utilities unable to meet the goal cost-effectively. The commission must adopt rules to implement these changes by December 31, 2025, and the act takes effect September 1, 2025.