| TO: | Honorable Phil King, Chair, House Committee on Regulated Industries |
| FROM: | John S. O'Brien, Director, Legislative Budget Board |
| IN RE: | HB553 by Turner (Relating to market power abuse in the wholesale electricity market and pricing safeguards in certain markets; providing administrative and criminal penalties.), As Introduced |
The provision of the bill that is the subject of this analysis would amend the Utilities Code by making market power abuses punishable as a felony of the second degree.
A second degree felony is punishable by imprisonment in the institutional division for any term of not more than 20 years or less than 2 years, or, in addition to confinement, a fine not to exceed $10,000.
For this analysis it is assumed that the number of offenders convicted under this statute would not result in a significant impact on the programs and workload of state corrections agencies or on the demand for resources and services of those agencies.
| Source Agencies: |
| LBB Staff: | JOB, GG
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