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A BILL TO BE ENTITLED
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AN ACT
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relating to the governing body of the independent organization |
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certified to manage the ERCOT power region. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 39.151, Utilities Code, is amended by |
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adding Subsections (g-2) and (g-3) to read as follows: |
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(g-2) To qualify to serve as a member of the governing body |
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under Subsection (g)(4), (5), (6), or (7), a person must be a |
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resident of this state. |
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(g-3) To maintain certification as an independent |
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organization under this section, an organization's chief executive |
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officer must be a resident of this state. |
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SECTION 2. (a) An independent organization certified under |
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Section 39.151, Utilities Code, by the Public Utility Commission of |
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Texas before September 1, 2021, shall hold elections and select new |
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members as needed to modify the organization's governing body to |
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comply with Section 39.151, Utilities Code, as amended by this Act, |
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as soon as practicable, but not later than September 1, 2022. |
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(b) An independent organization certified under Section |
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39.151, Utilities Code, by the Public Utility Commission of Texas |
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before September 1, 2021, shall ensure that the chief executive |
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officer of the organization is a resident of this state as soon as |
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practicable, but not later than September 1, 2022. |
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(c) After September 1, 2022, the Public Utility Commission |
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of Texas may decertify an independent organization whose governing |
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body or chief executive officer does not comply with Section |
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39.151, Utilities Code, as amended by this Act. |
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SECTION 3. This Act takes effect September 1, 2021. |