---
type: "Bill"
title: "Relating to the use of securitization by electric cooperatives to address certain weather-related extraordinary costs and expenses and to the duty of electric utility market participants to pay certain amounts owed."
description: "Relating to the use of securitization by electric cooperatives to address certain weather-related extraordinary costs and expenses and to the duty of electric utility market participants to pay certain amounts owed."
jurisdiction: "us/states/tx"
legislature: "Texas Legislature"
session: "87"
identifier: "SB 1580"
citation: "Texas SB 1580 (87)"
classification: ["bill"]
subjects: ["BONDS (S6060)", "Disaster Preparedness & Relief (I0211)", "Financial--General (I0365)", "Property Interests--Mortgages & Liens (I0605)", "SECRETARY OF STATE (V0042)", "Utilities--Electric (I0831)"]
status: "enacted"
primary_sponsors: ["Hancock", "Paddie"]
version_count: 5
action_count: 55
vote_count: 1
first_action: "2021-03-11"
last_action: "2021-06-18"
source: "openstates"
source_identifier: "ocd-bill/ee3accaf-d7b3-418e-8cb5-7fd01e590fb2"
source_url: "ftp://ftp.legis.state.tx.us/bills/87R/billhistory/senate_bills/SB01500_SB01599/SB 1580.xml"
source_hash: "d4e1e234ee0804a2b5cfb5994576cceb567d0ca131adedd31885f7ddc76eb8f0"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-tx"]
---

# Texas SB 1580 (87) — Relating to the use of securitization by electric cooperatives to address certain weather-related extraordinary costs and expenses and to the duty of electric utility market participants to pay certain amounts owed.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](http://capitol.texas.gov/tlodocs/87R/billtext/html/SB01580I.HTM)
2. **Engrossed** (committee substitute) — [source](http://capitol.texas.gov/tlodocs/87R/billtext/html/SB01580E.HTM)
3. **House Committee Report** (committee substitute) — [source](http://capitol.texas.gov/tlodocs/87R/billtext/html/SB01580H.HTM)
4. **Senate Committee Report** (committee substitute) — [source](http://capitol.texas.gov/tlodocs/87R/billtext/html/SB01580S.HTM)
5. **Enrolled** (enrolled) — [source](http://capitol.texas.gov/tlodocs/87R/billtext/html/SB01580F.HTM)

## Votes

- passage — **144–0** (pass) · lower

## Sponsors

- Hancock — primary (person)
- Paddie — primary (person)
- Paxton — cosponsor (person)
- Seliger — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2021-03-11** Received by the Secretary of the Senate `filing`
- **2021-03-11** Filed `filing`
- **2021-03-24** Read first time `introduction, reading-1`
- **2021-03-24** Referred to Business & Commerce `referral-committee`
- **2021-03-30** Scheduled for public hearing on . . .
- **2021-03-30** Considered in public hearing
- **2021-03-30** Testimony taken in committee
- **2021-03-30** Left pending in committee
- **2021-04-13** Considered in public hearing
- **2021-04-15** Reported favorably as substituted `committee-passage-favorable`
- **2021-04-15** Recommended for local & uncontested calendar
- **2021-04-15** Committee report printed and distributed
- **2021-04-19** Co-author authorized
- **2021-04-27** Placed on intent calendar
- **2021-04-28** Co-author authorized
- **2021-04-28** Rules suspended-Regular order of business
- **2021-04-28** Read 2nd time & passed to engrossment
- **2021-04-28** Vote recorded in Journal
- **2021-04-28** Three day rule suspended
- **2021-04-28** Record vote
- **2021-04-28** Read 3rd time `reading-3`
- **2021-04-28** Passed `passage`
- **2021-04-28** Record vote
- **2021-04-28** Reported engrossed
- **2021-04-29** Received from the Senate `introduction`
- **2021-05-04** Read first time `introduction, reading-1`
- **2021-05-04** Referred to State Affairs `referral-committee`
- **2021-05-18** Considered in public hearing
- **2021-05-18** Reported favorably w/o amendment(s) `committee-passage`
- **2021-05-20** Comte report filed with Committee Coordinator
- **2021-05-20** Committee report distributed
- **2021-05-20** Committee report sent to Calendars
- **2021-05-20** Considered in Calendars
- **2021-05-24** Placed on Major State Calendar
- **2021-05-24** Read 2nd time `reading-2`
- **2021-05-24** Postponed
- **2021-05-24** Laid out as postponed business
- **2021-05-24** Amended `amendment-passage`
- **2021-05-24** Passed to 3rd reading as amended
- **2021-05-25** Read 3rd time `reading-3`
- **2021-05-25** Passed `passage`
- **2021-05-25** Record vote
- **2021-05-25** Statement(s) of vote recorded in Journal
- **2021-05-25** House passage as amended reported
- **2021-05-28** House amendment(s) laid before the Senate
- **2021-05-28** Read
- **2021-05-28** Senate concurs in House amendment(s)
- **2021-05-28** Record vote
- **2021-05-28** Senate concurs in House amendment(s)-reported
- **2021-05-29** Reported enrolled
- **2021-05-30** Signed in the Senate
- **2021-05-31** Signed in the House
- **2021-06-01** Sent to the Governor `executive-receipt`
- **2021-06-18** Signed by the Governor `executive-signature`
- **2021-06-18** Effective immediately `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/ee3accaf-d7b3-418e-8cb5-7fd01e590fb2`. Confidence: reported (aggregated from official Texas legislature records).