Bill Text: TX SB761 | 2021-2022 | 87th Legislature | Introduced

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Bill Title: Relating to the governing body of the independent organization certified to manage the ERCOT power region.

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2021-03-11 - Referred to Business & Commerce [SB761 Detail]

Download: Texas-2021-SB761-Introduced.html

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87R10619 CXP-D
By: Seliger S.B. No. 761

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.