Bill Text: TX SB2010 | 2023-2024 | 88th Legislature | Engrossed

NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to required reporting by the wholesale electric market monitor for the ERCOT power region.

Spectrum: Partisan Bill (Republican 5-0)

Status: (Vetoed) 2023-06-18 - Vetoed by the Governor [SB2010 Detail]

Download: Texas-2023-SB2010-Engrossed.html
 
 
  By: Schwertner, King, Kolkhorst S.B. No. 2010
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to required reporting by the wholesale electric market
  monitor for the ERCOT power region.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 39.1515, Utilities Code, is amended by
  amending Subsection (f) and adding Subsection (i) to read as
  follows:
         (f)  The market monitor immediately shall report in writing
  directly to the commission and commission staff all [any] potential
  market manipulations and all [any] discovered or potential
  violations of commission rules or rules of the independent
  organization.
         (i)  Not later than December 1 of each year, the commission
  shall submit a report to the legislature that describes for the
  12-month period preceding the report's submission:
               (1)  the number of instances in which the market
  monitor reported potential market manipulation to the commission or
  commission staff;
               (2)  the statutes, commission rules, and rules of the
  independent organization alleged to have been violated by the
  reported entities; and
               (3)  the number of instances reported under Subdivision
  (1) for which the commission instituted a formal investigation on
  its own motion or commission staff initiated an enforcement action.
         SECTION 2.  This Act takes effect September 1, 2023.
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