| |
|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
|
|
relating to retail electric providers protecting customer |
|
|
deposits. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Section 39.101(a), Utilities Code, is amended by |
|
|
adding new subsection (10) to read as follows: |
|
|
(10) to a refund of any deposit or other money owed to a |
|
|
customer, exclusive of interest, upon the exit of its retail |
|
|
electric provider from the Texas market. |
|
|
SECTION 2. Section 39.101, Utilities Code, is amended by |
|
|
adding new subsection (e-1) to read as follows: |
|
|
(e-1) Interest on customer deposits will be used to provide |
|
|
a discount to customers that are between 150% and 200% of the U.S. |
|
|
Federal Poverty Level. The commission, in consultation with the |
|
|
office, shall adopt and enforce such rules as may be necessary or |
|
|
appropriate to carry out this subsection. |
|
|
SECTION 3. This Act takes effect September 1, 2009. |