Relating to energy efficiency goals for electric utilities.

HB 4374 requires Texas electric utilities to achieve an annual 1% reduction in electricity usage by 2032, based on current consumption patterns in their service areas. The Public Utility Commission must create implementing rules by December 2025, including cost caps and exceptions for utilities unable to meet the goal cost-effectively. This applies to utilities serving customers who pay the annual energy efficiency fee. The law mandates concrete energy savings targets without specifying implementation details beyond the commission's rulemaking authority.