Texas HB5623 allows the use of Texas Energy Fund money for energy efficiency projects benefiting retail electric customers.
HB5623 amends the Texas Utilities Code to allow the use of funds from the Texas Energy Fund for energy efficiency projects, including residential weatherization, demand reduction, or energy loss prevention. The Public Utility Commission can provide loans or grants to retail electric customers and nonprofit corporations without further appropriation. The bill also mandates that loan recipients meet facility performance standards and establishes eligibility criteria for loans or grants.
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