Bill Text: TX HB2630 | 2021-2022 | 87th Legislature | Introduced
Bill Title: Relating to the governing body and corporate officers of the independent organization certified to manage the ERCOT power region.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2021-03-17 - Referred to State Affairs [HB2630 Detail]
Download: Texas-2021-HB2630-Introduced.html
87R10679 CXP-D | ||
By: Leach | H.B. No. 2630 |
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relating to the governing body and corporate officers 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 and other corporate officers must be residents 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 and other corporate officers of the organization are | ||
residents 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, chief executive officer, or other corporate officers do not | ||
comply with Section 39.151, Utilities Code, as amended by this Act. | ||
SECTION 3. This Act takes effect September 1, 2021. |