Monitoring the Session

SB 2268

Schwertner Energy Fund Bill Shields Everything Submitted From Public Records Requests

Became law

Verdict: No flags

No flagsInitial review
Sen. Charles SchwertnerRSenate 5

Initial review · graded Oct 22, 2026 · Headline, summary and grade are analysis of the bill text, not a finding about any person · How we grade

Caption

relating to loans and grants awarded from the Texas energy fund.

Caption from analyzed text · version H.

Summary

Loan and grant caps count separately, 10,000 megawatts each. The 2025 deadline can slide too.

This bill changes how the Texas energy fund hands out loans and grants for power plants, and widens the secrecy around who applies and what they submit. It touches the Public Utility Commission, power generators seeking state loans and grants, and city-owned utilities, which may now take a fund loan in the form of their own bonds. On the ground, the commission can send first loan money after the December 31, 2025 deadline when it decides market factors require it. The loan and grant capacity limits are now counted separately at 10,000 megawatts each instead of one combined limit. Anything submitted at any point in the review process is shielded from public records requests.

Labels

Labels: INSTANT LAW. Took effect immediately, on Jun 12, 2025. 833 of the 1,185 graded 89R laws took effect Sep 1, 2025 (derived from the bill histories, snapshot Oct 19, 2026).QUICK READ: 122 WORDS. The bill as filed runs 122 words, counting the existing law it amends and the text it strikes. The median 89R bill as filed runs 441 words (derived, 8,702 graded bills, snapshot Oct 19, 2026).

Receipt

The receipt

89R-SB2268 · 2025-03-11

SOLD BY

Sen. Charles SchwertnerRSenate 5

+ 1 coauthor

ITEM

relating to loans and grants awarded from the Texas energy fund.

WHAT IT DOES

Loan and grant caps count separately, 10,000 megawatts each. The 2025 deadline can slide too.

This bill changes how the Texas energy fund hands out loans and grants for power plants, and widens the secrecy around who applies and what they submit. It touches the Public Utility Commission, power generators seeking state loans and grants, and city-owned utilities, which may now take a fund loan in the form of their own bonds. On the ground, the commission can send first loan money after the December 31, 2025 deadline when it decides market factors require it. The loan and grant capacity limits are now counted separately at 10,000 megawatts each instead of one combined limit. Anything submitted at any point in the review process is shielded from public records requests.

CHARGES

[ ] NONE FOUND

TOTAL

No significant fiscal implication to the State is anticipated.

LBB estimate · fiscal note version F · source

Sources

Fiscal note · version F · May 23, 2025

No first-year general revenue figure available here.

LBB published estimates · flow over the stated periods.

Source snapshot 2026-10-19, Central time.

HISTORY

  1. Received by the Secretary of the Senate
  2. Filed
  3. Read first time
  4. Referred to Business & Commerce
  5. Scheduled for public hearing on . . .
  6. Considered in public hearing
  7. Left pending in committee
  8. Considered in public hearing
  9. Vote taken in committee
  10. Reported favorably w/o amendments
  11. Recommended for local & uncontested calendar
  12. Committee report printed and distributed
  13. Placed on intent calendar
  14. Co-author authorized
  15. Rules suspended-Regular order of business
  16. Read 2nd time
  17. Amendment(s) offered FA1 Schwertner
  18. Amended
  19. Vote recorded in Journal
  20. Amendment(s) offered FA2 Schwertner
  21. Amended
  22. Vote recorded in Journal
  23. Passed to engrossment as amended
  24. Vote recorded in Journal
  25. Three day rule suspended
  26. Record vote
  27. Read 3rd time
  28. Passed
  29. Record vote
  30. Reported engrossed
  31. Received from the Senate
  32. Read first time
  33. Referred to State Affairs
  34. Posting rule suspended
  35. Scheduled for public hearing on . . .
  36. Considered in public hearing
  37. Committee substitute considered in committee
  38. Testimony taken/registration(s) recorded in committee
  39. Left pending in committee
  40. Considered in formal meeting
  41. Committee substitute considered in committee
  42. Reported favorably as substituted
  43. Comte report filed with Committee Coordinator
  44. Committee report distributed
  45. Committee report sent to Calendars
  46. Considered in Calendars
  47. Placed on General State Calendar
  48. Read 2nd time
  49. Amended 1-Hunter
  50. Record vote RV#3251
  51. Statement(s) of vote recorded in Journal
  52. Passed to 3rd reading as amended
  53. Record vote RV#3252
  54. Statement(s) of vote recorded in Journal
  55. Read 3rd time
  56. Passed
  57. Record vote RV#3331
  58. Statement(s) of vote recorded in Journal
  59. House passage as amended reported
  60. House amendment(s) laid before the Senate
  61. Read
  62. Senate concurs in House amendment(s)
  63. Record vote
  64. Senate concurs in House amendment(s)-reported
  65. Senate adopts resolution for tech. correction SCR 54
  66. House adopts resolution for tech. correction SCR 54
  67. Reported enrolled
  68. Signed in the Senate
  69. Signed in the House
  70. Sent to the Governor
  71. Signed by the Governor
  72. Effective immediately
FILED UNDER

CORPORATE WELFARE

THE TEXT

“The commission may [ not ] disburse the initial funds for a loan under this section after December 31, 2025 , if the commission determines that market factors necessitate an extension”…

Bill text, House committee report version (H)

The bill keeps the state loan pipeline to power generators open past its deadline, at the commission's discretion.

DATA CENTERS, WATER AND THE GRID

THE TEXT

“Grants provided under this section may not support the construction of more than 10,000 megawatts of generation capacity.”

Bill text, House committee report version (H)

Grants now get their own 10,000-megawatt limit instead of sharing one combined limit with loans, so the fund can back more generation capacity.

SIGNED FOR BY

House · 105 yea · 30 nay

Senate · 31 yea · 0 nay

Sources

House: Final passage · May 23, 2025. Journal. Published stock for this vote. Snapshot 2026-10-19, Central time.

Senate: Final passage · Apr 29, 2025. Journal. Published stock for this vote. Snapshot 2026-10-19, Central time.

All floor motions and other positions below.

No flags

THANK YOU FOR CHECKING THE RECEIPT

CAMPAIGN PAID FOR BY

CAMPAIGN PAID FOR BY

Charles Schwertner

Donors

Donors report through Texans for Charles Schwertner.

Not tied to this bill.

Sources

The author's campaign account only. Own money and internal transfers are separate on the member page.

Derived itemized flow · Jul 1, 2024 to Oct 24, 2026. State data as of Nov 4, 2026.

Derived itemized contributions on live regular reports and uncovered special-session dates. Internal account transfers and daily reports are excluded.

Money

Missing data does not establish zero giving. Display amounts are rounded.

Votes7

Senate May 26, 2025

Yea
31
Nay
0
Present, not voting
Not printed
Absent
Not printed
Excused
Not printed
Names

Senate journal

Names were not printed. No individual positions are inferred.

Sources

Senator Schwertner moved to concur in the House amendments to SB 2268. The motion prevailed by the following vote: Yeas 31, Nays 0.

Published stock of positions for this vote, except where marked derived.

  • Yea: 31 (published)
  • Nay: 0 (published)
  • Present, not voting: Not printed
  • Absent: Not printed
  • Excused: Not printed

Senate journal. Source snapshot 2026-10-19, Central time.

House May 23, 2025

Yea
105
Nay
30
Present, not voting
2
Absent
6
Excused
7
Names

Named positions matched to lawmakers. See the journal for unmatched names.

House journal

Sources

Record 3331

SB 2268 was passed by (Record 3331): 105 Yeas, 30 Nays, 2 Present, not voting.

Published stock of positions for this vote, except where marked derived.

  • Yea: 105 (published)
  • Nay: 30 (published)
  • Present, not voting: 2 (published)
  • Absent: 6 (derived from named list)
  • Excused: 7 (derived from named list)

House journal. Source snapshot 2026-10-19, Central time.

House May 22, 2025

Yea
92
Nay
42
Present, not voting
2
Absent
4
Excused
10
Names

Named positions matched to lawmakers. See the journal for unmatched names.

House journal

Sources

Record 3252

CSSB 2268, as amended, was passed to third reading by (Record 3252): 92 Yeas, 42 Nays, 2 Present, not voting.

Published stock of positions for this vote, except where marked derived.

  • Yea: 92 (published)
  • Nay: 42 (published)
  • Present, not voting: 2 (published)
  • Absent: 4 (derived from named list)
  • Excused: 10 (derived from named list)

House journal. Source snapshot 2026-10-19, Central time.

House May 22, 2025

Yea
114
Nay
19
Present, not voting
2
Absent
5
Excused
10
Names

Named positions matched to lawmakers. See the journal for unmatched names.

House journal

Sources

Record 3251

Amendment No. 1 was adopted by (Record 3251): 114 Yeas, 19 Nays, 2 Present, not voting.

Published stock of positions for this vote, except where marked derived.

  • Yea: 114 (published)
  • Nay: 19 (published)
  • Present, not voting: 2 (published)
  • Absent: 5 (derived from named list)
  • Excused: 10 (derived from named list)

House journal. Source snapshot 2026-10-19, Central time.

Senate Apr 29, 2025

Yea
31
Nay
0
Present, not voting
Not printed
Absent
Not printed
Excused
Not printed
Names

Senate journal

Names were not printed. No individual positions are inferred.

Sources

Senator Schwertner moved that Senate Rule 7.18 and the Constitutional Rule requiring bills to be read on three several days be suspended and that SB 2268 be placed on its third reading and final passage. The motion prevailed by the following vote: Yeas 31, Nays 0. The bill was read third time and was passed by the following vote: Yeas 31, Nays 0.

Published stock of positions for this vote, except where marked derived.

  • Yea: 31 (published)
  • Nay: 0 (published)
  • Present, not voting: Not printed
  • Absent: Not printed
  • Excused: Not printed

Senate journal. Source snapshot 2026-10-19, Central time.

Senate Apr 29, 2025

Yea
31
Nay
0
Present, not voting
Not printed
Absent
Not printed
Excused
Not printed
Names

Senate journal

Names were not printed. No individual positions are inferred.

Sources

Senator Schwertner moved that Senate Rule 7.18 and the Constitutional Rule requiring bills to be read on three several days be suspended and that SB 2268 be placed on its third reading and final passage. The motion prevailed by the following vote: Yeas 31, Nays 0.

Published stock of positions for this vote, except where marked derived.

  • Yea: 31 (published)
  • Nay: 0 (published)
  • Present, not voting: Not printed
  • Absent: Not printed
  • Excused: Not printed

Senate journal. Source snapshot 2026-10-19, Central time.

Senate Apr 29, 2025

Yea
Not printed
Nay
Not printed
Present, not voting
Not printed
Absent
Not printed
Excused
Not printed
Names

Senate journal

Names were not printed. No individual positions are inferred.

Voice vote. No numeric tally or individual yeas are inferred.

Sources

SB 2268 as amended was passed to engrossment by a viva voce vote.

Published stock of positions for this vote, except where marked derived.

  • Yea: Not printed
  • Nay: Not printed
  • Present, not voting: Not printed
  • Absent: Not printed
  • Excused: Not printed

Senate journal. Source snapshot 2026-10-19, Central time.

Witnesses12
For
10
Against
0
On
2
Names

For

  • Association of Electric Companies of Texas1 registration
  • Calpine1 registration
  • Element Fuels1 registration
  • Powering Texans1 registration
  • Self; Rayburn Country Electric Cooperative, Inc.1 registration
  • Sky Global1 registration
  • Texas Electric Cooperatives1 registration
  • Texas Public Power Association2 registrations
  • Wartsila North America, Inc.1 registration

On

  • Public Utility Commission of Texas2 registrations
Sources

12 parsed registrations across the loaded witness lists.

Derived stock of witness registrations. Repeated appearances count separately. Organizations and self-representation appear as printed.

House witness list. Source snapshot 2026-10-20, Central time.

Senate witness list. Source snapshot 2026-10-20, Central time.

Fiscal

No significant fiscal implication to the State is anticipated.

LBB estimate · fiscal note version F · source

Sources

Fiscal note · version F · May 23, 2025

No first-year general revenue figure available here.

LBB published estimates · flow over the stated periods.

Source snapshot 2026-10-19, Central time.

How this was graded

Analysis of text version H by claude-opus-5-5, Oct 22, 2026, against the published rubric.

Sources

Texas Senate · Filed Mar 11, 2025

06/12/2025 E Effective immediately

Texas Legislature Online · Introduced · Senate Committee Report · Engrossed · House Committee Report · Enrolled

Data snapshot Oct 26, 2026 at 4:20 AM CDT. Grades, charges, quotes and corrections follow the published record.

Coauthors
César BlancoDSenate 29
Sponsors
Todd HunterRHouse 32

House committee · State Affairs · Committee vote 14 aye, 0 nay, 1 absent · Out of committee

Senate committee · Business & Commerce · Committee vote 11 aye, 0 nay · Out of committee

Companion

HB 4632 by Hunter (identical)

Subjects

State Finances--Management & Control

Utilities--Electric

PUBLIC UTILITY COMMISSION

Text

The text as introduced · 122 words

89R13928 CS-D

By: Schwertner
S.B. No. 2268

A BILL TO BE ENTITLED

AN ACT

relating to disbursement of initial funds under the Texas Energy

Fund.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

SECTION 1. Section 34.0104(l), Utilities Code, is amended

to read as follows:

(l) The commission may [ not ] disburse the initial funds for

a loan under this section after December 31, 2025 , if the commission

determines that market factors necessitate an extension of the

deadline for disbursement of initial funds. An applicant may

request disbursement of initial funds after December 31, 2025. The

commission shall approve or deny the request on a case-by-case

basis .

SECTION 2. This Act takes effect September 1, 2025.