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A BILL TO BE ENTITLED
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AN ACT
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relating to the authority of the Public Utility Commission of Texas |
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to restrict participation in the retail electric market for |
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significant violations. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 39.356, Utilities Code, is amended by |
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adding Subsection (a-1) to read as follows: |
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(a-1) If the commission suspends, revokes, or amends a |
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retail electric provider's certificate under Subsection (a), the |
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commission may, after notice and opportunity for hearing, prohibit |
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a principal or officer of the retail electric provider from |
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participating in the retail electric market in Texas through |
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ownership of or employment by a retail electric provider. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2015. |