By: Schwertner S.B. No. 1094     (Price)           A BILL TO BE ENTITLED   AN ACT   relating to purchased power costs incurred by electric utilities.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 36.205, Utilities Code, is amended by   adding Subsection (e) to read as follows:          (e)  Notwithstanding Subsection (a), an electric utility may   apply to the commission for review and approval of an agreement   between the electric utility and another person for the purchase of   power by the electric utility if approval by the commission is a   pre-condition to the effectiveness of the electric utility's right   or obligation to purchase power under the agreement.  This   subsection applies only to an agreement with a term of three years   or more.  The commission by rule shall implement this subsection   consistent with the standards and procedures in the commission's   rules governing contested cases on certificates of convenience and   necessity for generating facilities adopted under Sections 37.056   and 37.058. This subsection expires September 1, 2033.          SECTION 2.  This Act takes effect September 1, 2023.