By: Thierry, et al. H.B. No. 2586
        (Senate Sponsor - Hall, Alvarado)
         (In the Senate - Received from the House April 12, 2021;
  April 13, 2021, read first time and referred to Committee on
  Jurisprudence; May 3, 2021, reported favorably by the following
  vote:  Yeas 4, Nays 0; May 3, 2021, sent to printer.)
Click here to see the committee vote
 
 
A BILL TO BE ENTITLED
 
AN ACT
 
  relating to an annual audit of the independent organization
  certified for the ERCOT power region.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Subchapter D, Chapter 39, Utilities Code, is
  amended by adding Section 39.159 to read as follows:
         Sec. 39.159.  AUDIT OF INDEPENDENT ORGANIZATION CERTIFIED
  FOR ERCOT POWER REGION. (a) The commission annually shall have an
  independent audit made of each independent organization certified
  under Section 39.151 for the ERCOT power region.
         (b)  An audit under this section must examine:
               (1)  the independent organization's financial
  condition, including the organization's budget and expenses, and
  the salaries of the organization's employees and board members; and
               (2)  compliance of the independent organization's
  assets with all applicable commission standards.
         (c)  Not later than the 60th day after the date an audit under
  this section is completed the commission shall:
               (1)  publish the results of the audit on the
  commission's Internet website; and
               (2)  submit the results of the audit to the state
  auditor and members of the standing committees of the legislature
  with primary jurisdiction over the commission.
         SECTION 2.  This Act takes effect September 1, 2021.
 
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