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A BILL TO BE ENTITLED
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AN ACT
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relating to notice of a price change in retail electric service |
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contracts. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter C, Chapter 39, Utilities Code, is |
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amended by adding Section 39.112 to read as follows: |
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Sec. 39.112. NOTICE OF PRICE CHANGE. (a) In this section, |
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"fixed price contract" means a residential retail electric service |
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contract for which the price for each billing period is stated in |
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the contract and does not change throughout the term of the |
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contract. The term does not include month-to-month service. |
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(b) An electric utility, retail electric provider, electric |
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cooperative, or municipally owned utility providing residential |
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service shall provide a residential customer who has a fixed price |
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contract with written notification of the date the price is |
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scheduled to change. The notice must be sent to the customer's |
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billing address by mail postmarked not less than one billing cycle |
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before the date the price is scheduled to change. |
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SECTION 2. The change in law made by this Act applies only |
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to a contract for retail electric service entered into or renewed on |
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or after the effective date of this Act. A contract for retail |
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electric service entered into or renewed before the effective date |
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of this Act is governed by the law as it existed immediately before |
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the effective date of this Act, and that law is continued in effect |
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for that purpose. |
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SECTION 3. This Act takes effect September 1, 2009. |