HB2868

Assigned to Committee
Authored by Will Metcalf (R)
View at Source

Caption: Relating to the consideration of the proportion of long-term debt and equity capitalization in establishing the rates of certain electric utilities.
Initially Referred to House State Affairs Committee, chaired by a Republican
Last Referred to Senate Business & Commerce Committee, chaired by a Republican
HB 2868 amends the Utilities Code to regulate how the Public Utility Commission (PUC) considers an electric utility's debt and equity capitalization when establishing electricity rates. It applies only to electric utilities operating solely within the ERCOT power grid. The bill presumes a utility's return on invested capital is reasonable if calculated using the utility's actual proportion of long-term debt and equity capitalization as reported in its most recent quarterly financial statement. However, if the PUC determines the ratio is unreasonable, it must instead use the national average for electric utility operating companies to calculate an adjusted return on investment.

Joint authors: Anchia (D)

Feb 14, 2025


(H) Metcalf signed onto the bill as Author
(H) Filed
 

Mar 19, 2025


(H) Read first time
(H) Referred to the House State Affairs, chaired by a Republican
 

Apr 30, 2025


(H) Scheduled for public hearing on . . .
(H) Considered in public hearing
(H) Committee substitute considered in committee
(H) Testimony taken/registration(s) recorded in committee
(H) Left pending in committee
 

May 1, 2025


(H) Considered in formal meeting
(H) Committee substitute considered in committee
(H) Reported favorably as substituted
 

May 6, 2025


(H) Comte report filed with Committee Coordinator
(H) Committee report distributed
 

May 7, 2025


(H) Committee report sent to Calendars
 

May 9, 2025


(H) Considered in Calendars
 

May 11, 2025


(H) Placed on General State Calendar
 

May 14, 2025


(H) Read 2nd time
(H) Passed to engrossment
(H) Record vote

RV#2509: Yea 111 (R 73, D 38) - Nay 17 (R 2, D 15)
View Source

Yea - Alders; Allen; Anchia; Ashby; Barry; Bell, C.; Bernal; Bhojani; Bonnen; Bucy; Bumgarner; Cain; Campos; Capriglione; Cole; Cortez; Craddick; Cunningham; Curry; Darby; Davis, A.; Dean; DeAyala; Dorazio; Dyson; Fairly; Frank; Gamez; Garcia Hernandez; Garcia, J.; Garcia, L.; Gates; Gerdes; Geren; Gervin-Hawkins; Guerra; Guillen; Harless; Harris Davila; Harrison; Hayes; Hefner; Hernandez; Hickland; Hopper; Howard; Hull; Isaac; Jones, V.; Kitzman; LaHood; Lalani; Lambert; Landgraf; Leach; Leo Wilson; Little; Longoria; Lopez, J.; Louderback; Lowe; Lozano; Lujan; Luther; Manuel; Martinez; McLaughlin; McQueeney; Metcalf; Meyer; Money; Morales, C.; Morales, E.; Morales Shaw; Morgan; Munoz; Noble; Oliverson; Ordaz; Orr; Patterson; Perez, M.; Phelan; Pierson; Plesa; Raymond; Richardson; Rosenthal; Schatzline; Schofield; Schoolcraft; Shaheen; Shofner; Smithee; Spiller; Swanson; Tepper; Thompson; Tinderholt; Toth; Troxclair; Turner; VanDeaver; Virdell; Vo; Walle; Ward Johnson; Wharton; Wilson; Wu; Zwiener

Nay - Bowers; Bryant; Canales; Collier; Cook; Davis, Y.; Gonzalez, J.; Goodwin; Hinojosa; Jones, J.; Lopez, R.; Martinez Fischer; Meza; Reynolds; Rodriguez Ramos; Rose; Villalobos

Absent - Bell, K.; Button; Dutton; Flores; Gonzalez, M.; Harris; Kerwin; King; Moody; Perez, V.; Simmons; Slawson

Present, Not Voting - Burrows; Vasut

Please note: the following statements by legislators do not affect the vote count that was recorded.

Cody Vasut: "When Record No. 2509 was taken, I was presiding in the chair and was shown voting present, not voting. I intended to vote yes." (view other statements of vote for this Rep)

Helen Kerwin: "When Record No. 2509 was taken, I was in the house but away from my desk. I would have voted yes." (view other statements of vote for this Rep)

Jon Rosenthal: "When Record No. 2509 was taken, I was shown voting yes. I intended to vote no." (view other statements of vote for this Rep)

Nicole Collier: "When Record No. 2509 was taken, I was shown voting no. I intended to vote yes." (view other statements of vote for this Rep)

Shelby Slawson: "When Record No. 2509 was taken, I was in the house but away from my desk. I would have voted yes." (view other statements of vote for this Rep)

You can view which lawmakers have received money from a specific PAC
by selecting the PAC from the list below:


 

May 15, 2025


(H) Anchia signed onto the bill as Joint Author
(H) Read 3rd time
(H) Passed
(H) Record vote

RV#2626: Yea 129 (R 81, D 48) - Nay 11 (R 1, D 10)
View Source

Yea - Alders; Allen; Anchia; Ashby; Barry; Bell, C.; Bell, K.; Bernal; Bhojani; Bonnen; Buckley; Bucy; Bumgarner; Button; Cain; Campos; Canales; Capriglione; Cole; Collier; Cook; Cortez; Craddick; Cunningham; Curry; Darby; Davis, A.; Davis, Y.; Dean; DeAyala; Dorazio; Dyson; Fairly; Flores; Gamez; Garcia Hernandez; Garcia, J.; Garcia, L.; Gates; Gerdes; Geren; Gonzalez, M.; Guerra; Guillen; Harless; Harris; Harris Davila; Harrison; Hayes; Hefner; Hernandez; Hickland; Holt; Hopper; Howard; Hull; Hunter; Isaac; Johnson; Jones, V.; Kerwin; King; Kitzman; LaHood; Lalani; Landgraf; Leach; Leo Wilson; Little; Longoria; Lopez, J.; Lopez, R.; Louderback; Lowe; Lozano; Lujan; Luther; Manuel; Martinez; Martinez Fischer; McLaughlin; McQueeney; Metcalf; Meyer; Money; Moody; Morales, C.; Morales, E.; Morales Shaw; Morgan; Munoz; Noble; Olcott; Oliverson; Ordaz; Orr; Patterson; Perez, M.; Perez, V.; Phelan; Plesa; Raymond; Richardson; Romero; Rose; Schatzline; Schofield; Schoolcraft; Shaheen; Shofner; Slawson; Smithee; Spiller; Swanson; Talarico; Tepper; Thompson; Tinderholt; Toth; Troxclair; Turner; VanDeaver; Virdell; Vo; Walle; Ward Johnson; Wharton; Wilson; Wu

Nay - Bowers; Bryant; Gonzalez, J.; Goodwin; Hinojosa; Meza; Reynolds; Rodriguez Ramos; Rosenthal; Villalobos; Zwiener

Absent - Simmons

Present, Not Voting - Burrows; Vasut

Please note: the following statements by legislators do not affect the vote count that was recorded.

Cody Vasut: "When Record No. 2626 was taken, I was presiding in the chair and was shown voting present, not voting. I intended to vote yes." (view other statements of vote for this Rep)

Erin Zwiener: "When Record No. 2626 was taken, I was shown voting no. I intended to vote yes." (view other statements of vote for this Rep)

Rhetta Bowers: "When Record No. 2626 was taken, I was shown voting no. I intended to vote yes." (view other statements of vote for this Rep)

You can view which lawmakers have received money from a specific PAC
by selecting the PAC from the list below:


(H) Reported engrossed
(S) Received from the House
 

May 16, 2025


(S) Read first time
(S) Referred to the Senate Business & Commerce, chaired by a Republican

Lobbying Against/For/On This Bill

Against

(Wed 4/30/2025) Testifying before H State Affairs as Jamie Mauldin for Steering Committee of Cities Served by Oncor and Texas Coalition for Affordable Power
(Wed 4/30/2025) Testifying before H State Affairs as John Hubbard for Texas Association of Manufacturers (TAM)
(Wed 4/30/2025) Registering before H State Affairs as Cyrus Reed for Sierra Club
(Wed 4/30/2025) Registering before H State Affairs as Dana Pate for Samsung Electronics America
(Wed 4/30/2025) Registering before H State Affairs as Julie Moore for Oxy
(Wed 4/30/2025) Registering before H State Affairs as Lauren Fairbanks for Freeport LNG
(Wed 4/30/2025) Registering before H State Affairs as Martha Landwehr for BASF Corporation
(Wed 4/30/2025) Registering before H State Affairs as Mia McCord for Texas Chemistry Council
(Wed 4/30/2025) Registering before H State Affairs as Richard Dyer for Alfred R. Herrera
(Wed 4/30/2025) Registering before H State Affairs as Vincent Dicosimo for Targa Resources
 

For

(Wed 4/30/2025) Testifying before H State Affairs as Brian Lloyd for ONCOR Electric Delivery, LLC
(Wed 4/30/2025) Testifying before H State Affairs as Chad Burnett for American Electric Power Texas (AEP)
(Wed 4/30/2025) Testifying before H State Affairs as Mark Bell for Association of Electric Companies of Texas (AECT)
(Wed 4/30/2025) Testifying before H State Affairs as Patrick Peters for CenterPoint Energy
(Wed 4/30/2025) Testifying before H State Affairs as Stacy Whitehurst for Texas New Mexico Power (TNMP)
(Wed 4/30/2025) Registering before H State Affairs as Isaac Albarado for American Electric Power Texas (AEP)
(Wed 4/30/2025) Registering before H State Affairs as Jake Posey for MasTec
(Wed 4/30/2025) Registering before H State Affairs as Kaitlyn Murphy for Greater Houston Partnership
(Wed 4/30/2025) Registering before H State Affairs as Kelly Sadler for American Electric Power Texas (AEP)
 

On

(Wed 4/30/2025) Registering before H State Affairs as Anna Givens for Public Utility Commission of Texas
(Wed 4/30/2025) Registering before H State Affairs as Steven Deline for self



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