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A BILL TO BE ENTITLED
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AN ACT
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relating to the registration and regulation of brokers by the |
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Public Utility Commission of Texas. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter H, Chapter 39, Utilities Code, is |
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amended by adding Section 39.3555 to read as follows: |
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Sec. 39.3555. REGISTRATION OF BROKERS. (a) In this |
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section, "brokerage services" means providing advice or |
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procurement services to, or acting on behalf of, a retail electric |
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customer regarding the selection of a retail electric provider, or |
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the product or service of a retail electric provider, or selling or |
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attempting to sell retail electric products or services offered by |
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retail electric providers to retail electric customers, including |
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online services. |
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(b) A person may not provide brokerage services in this |
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state for compensation or other consideration unless the person is |
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registered with the commission as a broker. |
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(c) A retail electric provider is not a broker and may not |
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knowingly provide bids or offers to an unregistered broker, and a |
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broker may not sell or take title to electric energy. |
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(d) A person who registers under this section shall comply |
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with customer protection provisions, disclosure requirements, and |
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marketing guidelines established by the commission and by this |
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title. |
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(e) The commission shall adopt rules as necessary to |
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implement this section. |
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(f) The commission shall process a person's application for |
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registration as a broker not later than the 60th day after the date |
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the person files the application. |
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SECTION 2. This Act takes effect September 1, 2019. |