87R10619 CXP-D
 
  By: Raymond H.B. No. 2034
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the governing body of the independent organization
  certified to manage the ERCOT power region.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 39.151, Utilities Code, is amended by
  adding Subsections (g-2) and (g-3) to read as follows:
         (g-2)  To qualify to serve as a member of the governing body
  under Subsection (g)(4), (5), (6), or (7), a person must be a
  resident of this state.
         (g-3)  To maintain certification as an independent
  organization under this section, an organization's chief executive
  officer must be a resident of this state.
         SECTION 2.  (a)  An independent organization certified under
  Section 39.151, Utilities Code, by the Public Utility Commission of
  Texas before September 1, 2021, shall hold elections and select new
  members as needed to modify the organization's governing body to
  comply with Section 39.151, Utilities Code, as amended by this Act,
  as soon as practicable, but not later than September 1, 2022.
         (b)  An independent organization certified under Section
  39.151, Utilities Code, by the Public Utility Commission of Texas
  before September 1, 2021, shall ensure that the chief executive
  officer of the organization is a resident of this state as soon as
  practicable, but not later than September 1, 2022.
         (c)  After September 1, 2022, the Public Utility Commission
  of Texas may decertify an independent organization whose governing
  body or chief executive officer does not comply with Section
  39.151, Utilities Code, as amended by this Act.
         SECTION 3.  This Act takes effect September 1, 2021.