| |
| |
|
|
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. |