For expiration of this section, see Subsection (c).

Sec. 104.379.  CATASTROPHIC WEATHER EVENT STUDY.  (a)  The railroad commission shall conduct a study on measures to mitigate catastrophic weather events, including measures to:
(1)  establish natural gas storage capacity to ensure a reliable gas supply, including location, ownership, and other pertinent factors regarding gas storage capacity;
(2)  assess the advantages and disadvantages of requiring local distribution companies to use hedging tactics to avoid volatile customer rates; and
(3)  assess the advantages and disadvantages of prohibiting spot market purchases during a catastrophic weather event that contribute to volatile customer rates.
(b)  Not later than December 1, 2022, the railroad commission shall report the railroad commission's findings to the governor, the lieutenant governor, and the speaker of the house of representatives.
(c)  This section expires August 31, 2023.
Added by Acts 2021, 87th Leg., R.S., Ch. 805 (H.B. 1520), Sec. 5, eff. June 16, 2021.