Sec. 39.9039. ELIMINATION OF SYSTEM BENEFIT FUND BALANCE. (a) Notwithstanding Section 39.903(b), the commission shall set the nonbypassable system benefit fund fee at the amount of zero cents per megawatt hour for the period beginning September 1, 2013, and ending September 1, 2017.
Text of subsection as amended by Acts 2015, 84th Leg., R.S., Ch. 448, Sec. 42
(b) Notwithstanding Section 39.903(e), money in the system benefit fund may be appropriated:
(1) for the state fiscal year beginning September 1, 2013, a program established by the commission to assist low-income electric customers by providing a reduced rate for the months of September, 2013, and May through August, 2014, in the manner prescribed by Section 39.903(h) at a rate of up to 82 percent;
(2) for the state fiscal year beginning September 1, 2014, a program established by the commission to assist low-income electric customers by providing a reduced rate for the months of September, 2014, and May through August, 2015, in the manner prescribed by Section 39.903(h) at a rate of up to 15 percent;
(3) for the state fiscal year beginning September 1, 2015, a program established by the commission to assist low-income electric customers by providing a reduced rate in the manner prescribed by Section 39.903(h) at a rate the commission determines is necessary to exhaust the system benefit fund; and
(4) for customer education programs and administrative expenses incurred by the commission in implementing and administering this chapter.
Text of subsection as amended by Acts 2015, 84th Leg., R.S., Ch. 706, Sec. 2
(b) Notwithstanding Section 39.903(e), money in the system benefit fund may be appropriated:
(1) for the state fiscal year beginning September 1, 2014, to a program established by the commission to assist low-income electric customers by providing a reduced rate for the months of September, 2014, and May through August, 2015, in the manner prescribed by Section 39.903(h), at a rate of up to 15 percent;
(2) for the state fiscal year beginning September 1, 2015, to a program established by the commission to assist low-income electric customers by providing a reduced rate for the months of September, 2015, through August, 2016, in the manner prescribed by Section 39.903(h), at the rate the commission determines is necessary to exhaust the system benefit fund;
(3) for the state fiscal year beginning September 1, 2016, if any money remains in the fund, to a program established by the commission to assist low-income electric customers by providing a reduced rate for the months of September, 2016, through August, 2017, in the manner prescribed by Section 39.903(h), at the rate the commission determines is necessary to exhaust the system benefit fund; and
(4) for customer education programs and administrative expenses incurred by the commission in implementing and administering this chapter.
(c) This section expires September 1, 2017.
Added by Acts 2013, 83rd Leg., R.S., Ch. 835 (H.B. 7), Sec. 17, eff. June 14, 2013.
Amended by:
Acts 2015, 84th Leg., R.S., Ch. 448 (H.B. 7), Sec. 42, eff. September 1, 2015.
Acts 2015, 84th Leg., R.S., Ch. 706 (H.B. 1101), Sec. 2, eff. June 17, 2015.
Section: Previous 39.553 39.554 39.555 39.9016 39.902 39.9025 39.903 39.9039 39.904 39.9044 39.9048 39.905 39.9051 39.9052 39.9054 NextLast modified: September 28, 2016