Enrolled Bill Summary

Senate Bill 1497	Senate Author:  Zaffirini
Effective:  9-1-19	House Sponsor:  Parker

            Senate Bill 1497 amends the Utilities Code to provide for the registration of electric brokers and to prohibit a person from providing brokerage services in Texas for compensation or other consideration unless the person is registered with the Public Utility Commission of Texas as a broker. The bill prohibits a retail electric provider from registering as a broker or knowingly providing bids or offers to a person who operates as a broker without being registered as such. The bill, among other provisions, prohibits a broker from selling or taking title to electric energy.