Bill Caption

Relating to the regulation of propane distribution retailers.

Fiscal Notes

Estimated Two-year Net Impact to General Revenue Related Funds for HB2532, As Introduced: a negative impact of ($695,036) through the biennium ending August 31, 2015. The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.

Bill Analysis

Summary: HB 2532 would set price ranges for propane companies that provide services to residential areas. Additionally, HB 2532 would require the companies to report more information the Railroad Commission concerning their supply of propane.

Analysis: HB 2532 would violate free market principles by setting a price range that companies are allowed to charge. However, in these residential areas, there already exists a monopoly that prevents individuals from choosing their own utility provider. This bill would protect personal property rights by ensuring that these companies do not abuse their monopolies. HB 2532 would also represent an increasing government regulation.