Honorable Phil King, Chair, House Committee on Regulated Industries
John S. O'Brien, Deputy Director, Legislative Budget Board
SB743 by Fraser (Relating to independent organizations in ERCOT and their regulation and certification by the Public Utility Commission of Texas; providing an administrative penalty.), As Engrossed
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System Benefit Account
The bill would clarify the Public Utility Commission's (PUC) oversight authority over an independent organization certified by the PUC, such as the Electric Reliabiblity Council of Texas (ERCOT).
The bill would require the ERCOT to perform wholesale market monitoring through a contract with a private company selected by the PUC.
The bill would take effect September 1, 2005.
It is anticipated that requiring the Electric Reliability Council of Texas (ERCOT) to perform wholesale market monitoring through a contract with a private company selected by the Public Utility Commission (PUC) would eliminate the need for the PUC to contract with a private company to perform wholesale market monitoring at a rate of $1.5 million each fiscal year from the General Revenue - Dedicated System Benefit Account No. 5100, which is appropriated in the current General Appropriations Act.
The PUC indicates that all other costs associated with the bill could be absorbed within existing resources.
302 Office of the Attorney General, 473 Public Utility Commission of Texas, 475 Office of Public Utility Counsel
JOB, JRO, MW, RB