Bill Text: TX SB777 | 2015-2016 | 84th Legislature | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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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-Introduced.html

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84R9497 DDT-F
By: Fraser S.B. No. 777

A BILL TO BE ENTITLED
AN ACT
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
a principal or officer of the retail electric provider from
participating in the retail electric market in Texas through
ownership of or employment by 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.