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A BILL TO BE ENTITLED
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AN ACT
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relating to the governing body and corporate officers of the |
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independent organization certified to manage the ERCOT power |
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region. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 39.151, Utilities Code, is amended by |
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adding Subsections (g-2) and (g-3) to read as follows: |
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(g-2) To qualify to serve as a member of the governing body |
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under Subsection (g)(4), (5), (6), or (7), a person must be a |
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resident of this state. |
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(g-3) To maintain certification as an independent |
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organization under this section, an organization's chief executive |
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officer and other corporate officers must be residents of this |
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state. |
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SECTION 2. (a) Not later than September 1, 2022, an |
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independent organization certified under Section 39.151, Utilities |
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Code, by the Public Utility Commission of Texas before September 1, |
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2021, shall hold elections and select new members as needed to |
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modify the organization's governing body to comply with Section |
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39.151, Utilities Code, as amended by this Act. |
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(b) Not later than September 1, 2022, an independent |
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organization certified under Section 39.151, Utilities Code, by the |
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Public Utility Commission of Texas before September 1, 2021, shall |
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ensure that the chief executive officer and other corporate |
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officers of the organization are residents of this state. |
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(c) After September 1, 2022, the Public Utility Commission |
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of Texas may decertify an independent organization whose governing |
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body, chief executive officer, or other corporate officers do not |
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comply with Section 39.151, Utilities Code, as amended by this Act. |
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SECTION 3. This Act takes effect September 1, 2021. |