By: Fraser S.B. No. 777

(In the Senate - Filed February 25, 2015; March 2, 2015, read first time and referred to Committee on Natural Resources and Economic Development; March 30, 2015, reported adversely, with favorable Committee Substitute by the following vote: Yeas 10, Nays 0; March 30, 2015, sent to printer.) Click here to see the committee vote

COMMITTEE SUBSTITUTE FOR S.B. No. 777 By: Fraser

A BILL TO BE ENTITLED

AN ACT

relating to the authority of the Public Utility Commission of Texas to restrict participation in the retail electric market for significant violations.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

SECTION 1. Section 39.356, Utilities Code, is amended by adding Subsection (a-1) to read as follows:

(a-1) If the commission suspends, revokes, or amends a retail electric provider's certificate under Subsection (a), the commission may, after notice and opportunity for hearing, prohibit an individual who is a principal or executive officer of the retail electric provider and who knew or reasonably should have known of the acts or omissions described by Subsection (a) that led to the suspension, revocation, or amendment of the certificate from participating in the retail electric market in Texas through ownership of or seeking employment by a retail electric provider, electric utility, billing agent, billing utility, aggregator, or person who assists in selection of a retail electric provider.

SECTION 2. This Act takes effect immediately if it receives a vote of two-thirds of all the members elected to each house, as provided by Section 39, Article III, Texas Constitution. If this Act does not receive the vote necessary for immediate effect, this Act takes effect September 1, 2015.

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