SB 734

84(R) - 2015
Senate Natural Resources & Economic Development
Senate Natural Resources & Economic Development

Vote Recommendation

  • Neutral
  • Neutral
  • Neutral
  • Neutral
  • Neutral


Troy Fraser

Bill Caption

Relating to the setting of annual interest rates for utility deposits by the Public Utility Commission of Texas.

Fiscal Notes

No significant fiscal implication to the State is anticipated.

Bill Analysis

Currently the Public Utility Commission is required to meet on December 1st to set the annual interest rates for utility deposits for the next calendar year. If December 1st falls on a weekend or legal holiday the Commission is to meet on the next available work day. The Commission recently submitted a recommendation that it be permitted to meet on any day in the fourth quarter before December 1st, on the grounds of logistical flexibility. SB 734 would grant this flexibility by allowing the Commission to meet before December 1st to determine interest rates. 

Vote Recommendation Notes

5/19/15 update:

No amendments or modifications have been made to the bill since we reported on it.

First chamber analysis:

SB 734 would grant the Public Utility Commission more flexibility which we have no reason to view as either a positive or a negative change. This bill would not significantly affect any of our liberty principles, therefore we are neutral.

The second chamber sponsor is Representative Cook.