By: Metcalf H.B. No. 4584       A BILL TO BE ENTITLED   AN ACT   relating to funding mechanisms to support the construction of   electric generating facilities.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 34.0103, Utilities Code, is amended by   to read as follows:          Sec. 34.0104.  LOANS FOR ERCOT POWER REGION.  (a) The   commission may use money in the fund without further appropriation   to provide loans to finance upgrades to existing dispatchable   electric generating facilities providing power for the ERCOT power   region that result in a net increase of at least 100 megawatts of   capacity for each facility or the construction of dispatchable   electric generating facilities providing power for the ERCOT power   region that each have a generation capacity of at least 100   megawatts.  The commission may use money in the fund without further   appropriation to provide loans to finance the construction of   electric generating facilities providing power for the ERCOT power   region that have a generation capacity of at least 10 megawatts   utilizing emerging technology sources of thermal dispatchable   electricity generation. For the purposes of this section, a   generating facility is considered to be dispatchable if the   facility's output can be controlled primarily by forces under human   control.  A battery [An electric] energy storage facility is not   eligible for a loan under this section.          SECTION 2.  This Act takes effect immediately if it receives   a vote of two-thirds of all the members elected to each house, as   provided by Section 39, Article III, Texas Constitution.  If this   Act does not receive the vote necessary for immediate effect, this   Act takes effect September 1, 2025.