Texas SB1438 amends the procedure for periodic rate adjustments by electric utilities.

Texas SB1438 modifies the procedure for periodic rate adjustments by electric utilities. The bill allows the Public Utility Commission of Texas to approve tariffs or rate schedules for nonfuel rates that can be adjusted based on changes in the utility's invested capital. Adjustments must consider changes in customer numbers and energy consumption. The commission must approve or deny adjustments within 90 days, with a possible 15-day extension for good cause. The changes apply to proceedings starting after the bill's effective date of September 1, 2025.

Texas SB1438 amends the procedure for periodic rate adjustments by electric utilities.

Texas SB1438 modifies the procedure for periodic rate adjustments by electric utilities. The bill allows the Public Utility Commission of Texas to approve tariffs or rate schedules for nonfuel rates that can be adjusted based on changes in the utility's invested capital. Adjustments must consider changes in customer numbers and energy consumption. The commission must approve or deny adjustments within 90 days, with a possible 15-day extension for good cause. The changes apply to proceedings starting after the bill's effective date of September 1, 2025.