Tex. Util. Code § 39.652 · Subchapter N. WINTER STORM URI UPLIFT FINANCING
DEFINITIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
In this subchapter:
(1) "Independent organization" means the independent organization certified under Section 39.151 for the ERCOT power region.
(2) "Load-serving entity" means a municipally owned utility, an electric cooperative, or a retail electric provider.
(3) "Period of emergency" means the period beginning 12:01 a.m., February 12, 2021, and ending 11:59 p.m., February 20, 2021.
(4) "Uplift balance" means an amount of money of not more than $2.1 billion that was uplifted to load-serving entities on a load ratio share basis due to energy consumption during the period of emergency for reliability deployment price adder charges and ancillary services costs in excess of the commission's system-wide offer cap, excluding amounts securitized under Subchapter D, Chapter 41. The term does not include amounts that were part of the prevailing settlement point price during the period of emergency.
(5) "Uplift charges" means charges assessed to load-serving entities to repay amounts financed under this subchapter to pay the uplift balance and reasonable costs incurred by a state agency or the independent organization to implement a debt obligation order under Section 39.653, 39.654, or 39.655, including the cost of retiring or refunding existing debt.
Notes and commentary — not statutory text
History
Added by Acts 2021, 87th Leg., R.S., Ch. 908 (H.B. 4492), Sec. 5, eff. June 16, 2021.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/UT/htm/UT.39.htm
- Text hash
- sha256 5b3439619e5b1dcb24de83ade77664d858d4af1b60513c385e3d78e91fc5b76a
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Utilities Code
- Tex. Util. Code § 39.151ESSENTIAL ORGANIZATIONS.Printed as Section 39.151
- Tex. Util. Code § 39.653DEBT OBLIGATION ORDER.Printed as Section 39.653, 39.654, or 39.655
- Tex. Util. Code § 39.654COMMISSION-AUTHORIZED FINANCING.Printed as Section 39.653, 39.654, or 39.655
- Tex. Util. Code § 39.655OTHER FINANCIAL MECHANISM.Printed as Section 39.653, 39.654, or 39.655
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.