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Texas Government Code - GOV'T § 483.205. Completion Bonus Grant Program for Interconnected Reactors

Current as of January 01, 2024 | Updated by Findlaw Staff

<This chapter subject to expiration eff. Sept. 1, 2035 pursuant to § 483.002.>

(a) The office may provide a grant under this subchapter for the costs associated with the completion of an operational advanced nuclear reactor in this state that is interconnected with the ERCOT power grid.

(b) The office, in consultation with the utility commission, by rule shall establish the amount of a grant the office will provide under this section on a per megawatt basis according to the generation capacity of the advanced nuclear reactor.

(c) The office, in consultation with the utility commission, by rule shall establish procedures for:

(1) the application for and award of a grant under this section;

(2) the administration of the grant program;  and

(3) providing grants according to a tiered system based on the amount of electricity in megawatts provided to the ERCOT power grid by an advanced nuclear reactor.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 483.205. Completion Bonus Grant Program for Interconnected Reactors - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-483-205/

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