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Senate Bill 1211 |
Senate Author: Hancock |
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Effective: 9-1-19 |
House Sponsor: King, Phil et al. |
Senate Bill 1211 amends the Utilities Code to require the approval of the Public Utility Commission of Texas (PUC) for the merger, consolidation, or affiliation of certain power generation companies operating in the same region if the resulting entity would own and control more than 10 percent, rather than one percent, of the total installed generation capacity located in, or capable of delivering electricity to, the applicable region. The bill establishes that the request is considered approved by the PUC if the PUC does not timely approve or disapprove the request.