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Minutes — Senate Committee on Business & Commerce (87R, November 17, 2022)

Summary

Minutes of the Senate Committee on Business & Commerce for a public hearing on Thursday, November 17, 2022, at 9:00 AM in the Capitol Extension, Room E1.012, at Austin, Texas. The chair, Senator Charles Schwertner, called the meeting to order at 9:03 AM and made opening remarks. The chair opened invited testimony for discussion of interim charges, beginning with Electricity, which covers the electricity market, the electric grid and the effect of electric vehicle charging on the Electric Reliability Council of Texas (ERCOT). At 3:51 PM Senator Paxton moved that the committee stand recessed subject to the call of the chair, and the signature block names Annika Vandayar as Clerk.

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Issuer
Congressional materials
Document type
87R Minutes C5102022111709001
Case
87R Minutes C5102022111709001

Cite this document

“Minutes — Senate Committee on Business & Commerce (87R, November 17, 2022).” Original at capitol.texas.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/87r-minutes-c5102022111709001/, SHA-256 149553eceaccaca7616b670c374e6019a6e710fa812f452e3c5870a3194fe1bb.

Full text

                                          MINUTES

                 SENATE COMMITTEE ON BUSINESS & COMMERCE
                           Thursday, November 17, 2022
                                      9:00 AM
                          Capitol Extension, Room E1.012

                                             *****

Pursuant to a notice posted in accordance with Senate Rule 11.10 and 11.18, a public hearing of
the Senate Committee on Business & Commerce was held on Thursday, November 17, 2022, in
the Capitol Extension, Room E1.012, at Austin, Texas.

                                             *****

MEMBERS PRESENT:                                     MEMBERS ABSENT:
Senator Charles Schwertner, Chair                    Senator Robert Nichols, Vice Chair
Senator Donna Campbell
Senator Brandon Creighton
Senator Nathan Johnson
Senator Lois Kolkhorst
Senator José Menéndez
Senator Angela Paxton
Senator John Whitmire

                                             *****

The Chair called the meeting to order at 9:03 AM. The following business was transacted:

The following members arrived after the roll was called: Senator Creighton, Senator Kolkhorst,
Senator Menendez, Senator Paxton, and Senator Whitmire.

The Chair made opening remarks. The Chair opened invited testimony (see attached witness list)
for discussion on the following interim charges:

Electricity - Assess the electricity market in Texas. Study issues impacting the Texas electric
grid, including transmission planning and maintenance scheduling. Study the consequences of
increased electric vehicle usage and charging on the generation, transmission and distribution,
and retail sectors of Electric Reliability Council of Texas (ERCOT) and evaluate their potential
impact on increased electric demand and reliability of the grid. Examine the growth of renewable
                                                 Senate Committee on Business & Commerce
                                                                                  Minutes
                                                               Thursday, November 17, 2022
                                                                                    Page 2

energy generation in the state and evaluate its impact on grid reliability. Make recommendations
to strengthen the reliability of the grid, and meet the future generation needs of ERCOT through
new and existing dispatchable generation. Assess plans to expeditiously add new dispatchable
generation. Monitor the implementation of Senate Bill 2 and Senate Bill 3, 87th Legislature.

At 10:55 AM Senator Whitmire assumed the chair.

At 11:01 AM Senator Schwertner resumed the chair.

At 1:51 PM Senator Campbell assumed the chair.

At 2:03 PM Senator Schwertner resumed the chair.

Blockchain and Virtual Currencies - Study current state and federal regulations surrounding
blockchain and virtual currencies. Examine how these technologies impact industries such as
banking, business, and electricity. Make recommendations to protect consumers while
encouraging innovation. Monitor the implementation of House Bill 1576 and House Bill 4474,
87th Legislature.

Witnesses testifying and registering on the interim charges are shown on the attached witness
list.

The Chair moved that the public testimony be closed; without objection, it was so ordered.

There being no further business, at 3:51 PM Senator Paxton moved that the Committee stand
recessed subject to the call of the chair. Without objection, it was so ordered.




__________________________________________
Senator Charles Schwertner, Chair


__________________________________________
Annika Vandayar, Clerk

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