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A BILL TO BE ENTITLED
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AN ACT
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relating to required reporting by the wholesale electric market |
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monitor for 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 39.1515, Utilities Code, is amended by |
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amending Subsection (f) and adding Subsection (i) to read as |
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follows: |
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(f) The market monitor immediately shall report in writing |
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directly to the commission and commission staff all [any] potential |
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market manipulations and all [any] discovered or potential |
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violations of commission rules or rules of the independent |
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organization. |
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(i) Not later than December 1 of each year, the commission |
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shall submit a report to the legislature that describes for the |
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12-month period preceding the report's submission: |
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(1) the number of instances in which the market |
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monitor reported potential market manipulation to the commission or |
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commission staff; |
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(2) the statutes, commission rules, and rules of the |
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independent organization alleged to have been violated by the |
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reported entities; and |
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(3) the number of instances reported under Subdivision |
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(1) for which the commission instituted a formal investigation on |
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its own motion or commission staff initiated an enforcement action. |
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SECTION 2. This Act takes effect September 1, 2023. |