Legislation - SB0598

Title: Electric Companies - Cost Containment Plans - Requirement (Securing Affordable, Valuable Investments in Next Generation Grid Solutions) (SAVINGS Act)
Sponsored by: Senator Hester
Status: In the Senate - Hearing 2/26 at 1:00 p.m.
Analysis

Synopsis

Requiring electric companies to submit to the Public Service Commission cost containment plans for electric distribution and transmission system planning on or before January 1, 2027, and every 3 years thereafter; requiring the plans to combine to reduce peak electric system loads in a certain manner; and requiring electric companies to submit certain progress reports on the implementation of the plan.

Committees

Original:: Education, Energy, and the Environment

Details

Cross-filed with: HB0723

Bill File Type: Regular

Effective Date(s): October 1, 2026

History

Legislation History
Chamber Senate Calendar Date 2/05/2026 Legislative Date 2/05/2026 Action First Reading Education, Energy, and the Environment Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Electric Companies - Cost Containment Plans - Requirement (Securing Affordable, Valuable Investments in Next Generation Grid Solutions) (SAVINGS Act) Proceedings
Chamber Senate Calendar Date 2/10/2026 Legislative Date 2/10/2026 Action Hearing 2/26 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	2/05/2026	2/05/2026	First Reading Education, Energy, and the Environment
			Text - First - Electric Companies - Cost Containment Plans - Requirement (Securing Affordable, Valuable Investments in Next Generation Grid Solutions) (SAVINGS Act)
Senate	2/10/2026	2/10/2026	Hearing 2/26 at 1:00 p.m.

File Code

Subjects

Statutes