Bill Text: TX SB777 | 2015-2016 | 84th Legislature | Engrossed
Bill Title: Relating to the authority of the Public Utility Commission of Texas to restrict participation in the retail electric market for significant violations.
Spectrum: Bipartisan Bill
Status: (Engrossed - Dead) 2015-05-04 - Referred to State Affairs [SB777 Detail]
Download: Texas-2015-SB777-Engrossed.html
| By: Fraser, West | S.B. No. 777 | |
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| relating to the authority of the Public Utility Commission of Texas | ||
| to restrict participation in the retail electric market for | ||
| significant violations. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 39.356, Utilities Code, is amended by | ||
| adding Subsection (a-1) to read as follows: | ||
| (a-1) If the commission suspends, revokes, or amends a | ||
| retail electric provider's certificate under Subsection (a), the | ||
| commission may, after notice and opportunity for hearing, prohibit | ||
| an individual who is a principal or executive officer of the retail | ||
| electric provider and who knew or reasonably should have known of | ||
| the acts or omissions described by Subsection (a) that led to the | ||
| suspension, revocation, or amendment of the certificate from | ||
| participating in the retail electric market in Texas through | ||
| ownership of or seeking employment by a retail electric provider, | ||
| electric utility, billing agent, billing utility, aggregator, or | ||
| person who assists in selection of a retail electric provider. | ||
| 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, 2015. | ||
