S.B. No. 774
  relating to studies on the rates of electric utilities.
         SECTION 1.  Section 36.210, Utilities Code, is amended by
  amending Subsections (h) and (i) and adding Subsection (h-1) to
  read as follows:
         (h)  The commission shall undertake a study and conduct a
  report analyzing any periodic rate adjustment established under
  this section.  The study shall be available for the legislature's
  review by January 31, 2019 [2017], so that the legislature may
  properly be informed as to the need to continue the commission's
  authority to allow periodic rate adjustments.  The report shall
  contain but shall not be limited to:
               (1)  an analysis of all periodic rate adjustments
  approved by the commission;
               (2)  an analysis of the amounts in real dollars and
  percentages of the approved amounts by the commission and the
  effects on all classes of ratepayers;
               (3)  the costs savings, if any, realized by all parties
  by utilizing periodic rate adjustment as opposed to ratemaking
               (4)  an analysis on distribution costs included in
  periodic rate adjustments, and their appropriateness for inclusion
  in periodic rate adjustments; and
               (5)  an analysis submitted by the office on the effects
  of periodic rate adjustments.
         (h-1)  The commission shall conduct a study and make a report
  analyzing alternative ratemaking mechanisms adopted by other
  states and shall make recommendations regarding appropriate
  reforms to the ratemaking process in this state.  The commission
  shall include in the report an analysis that demonstrates how the
  commission's recommended reforms would improve the efficiency and
  effectiveness of the oversight of electric utilities and ensure
  that electric rates are just and reasonable, as required by this
  chapter.  The commission may retain an independent consultant, at
  the expense of electric utilities, to conduct the study.  The
  commission shall provide the report to the legislature not later
  than January 15, 2017.
         (i)  This section expires September [January] 1, 2019
         SECTION 2.  This Act takes effect September 1, 2015.
  ______________________________ ______________________________
     President of the Senate Speaker of the House     
         I hereby certify that S.B. No. 774 passed the Senate on
  April 9, 2015, by the following vote:  Yeas 31, Nays 0.
  Secretary of the Senate    
         I hereby certify that S.B. No. 774 passed the House on
  April 30, 2015, by the following vote:  Yeas 136, Nays 3, one
  present not voting.
  Chief Clerk of the House