H.B. No. 1753
 
 
 
 
AN ACT
  relating to the threshold amount at which public utilities are
  required to report a transaction.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 14.101(a), Utilities Code, is amended to
  read as follows:
         (a)  Unless a public utility reports the transaction to the
  commission within a reasonable time, the public utility may not:
               (1)  sell, acquire, or lease a plant as an operating
  unit or system in this state for a total consideration of more than
  $10 million [$100,000]; or
               (2)  merge or consolidate with another public utility
  operating in this state.
         SECTION 2.  The change in law made by this Act applies only
  to an agreement for the sale, acquisition, or lease of a plant that
  is entered into on or after the effective date of this Act. An
  agreement for the sale, acquisition, or lease of a plant that is
  entered into before the effective date of this Act is governed by
  the law applicable to the agreement immediately before the
  effective date of this Act, and that law is continued in effect for
  that purpose.
         SECTION 3.  This Act takes effect September 1, 2011.
 
 
  ______________________________ ______________________________
     President of the Senate Speaker of the House     
 
 
         I certify that H.B. No. 1753 was passed by the House on April
  7, 2011, by the following vote:  Yeas 144, Nays 0, 1 present, not
  voting.
 
  ______________________________
  Chief Clerk of the House   
 
 
         I certify that H.B. No. 1753 was passed by the Senate on May
  10, 2011, by the following vote:  Yeas 31, Nays 0
  .
 
  ______________________________
  Secretary of the Senate    
  APPROVED:  _____________________
                     Date          
   
            _____________________
                   Governor