TX SB1963

Expands securitization financing for system restoration costs to all electric utilities in Texas, removing the previous restriction that limited this mechanism to utilities operating solely outside of ERCOT

Allows electric utilities to apply for securitization and system restoration bonds when estimated and actual system restoration costs reach $50 million or more in any calendar year

Permits utilities to file a combined application seeking both determination of eligible restoration costs and a financing order authorizing bond issuance and system restoration charges in a single proceeding

Requires the Public Utility Commission to issue financing orders within 150 days of application filing, with estimated costs subject to true-up and reconciliation once actual costs are determined

Takes effect immediately with two-thirds legislative vote, otherwise September 1, 2025; passed Senate 27-4 on April 23, 2025 and House 99-24 on May 2, 2025