HB2747 Summary

• Amends Section 286 of Title 17 to establish a 180-day timeline for Commission approval of natural gas-fired generation facilities (versus 240 days for other fuel types) and requires consideration of reasonable alternatives, with competitive bids within 12 months treated as substantial evidence.

• Creates Section 295 allowing public utilities to defer 90% of depreciation expense and return on qualifying electric plants beginning July 1, 2025, with recovery through 20-year amortization once included in rate base following Commission prudence review.

• Creates Section 296 authorizing the Corporation Commission to oversee development of high-voltage transmission lines (300+ kilovolts) and permitting retail electric suppliers and rural cooperatives to construct transmission extensions through competitive bidding overseen by independent evaluators.

• Creates Section 801.10 prohibiting Commission-regulated retail electric suppliers from offering rate-payer-funded incentives, rebates, or inducements to customers to switch from natural gas to electricity.

• Declares an emergency, making the act effective immediately upon passage and approval.