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A BILL TO BE ENTITLED
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AN ACT
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relating to reporting by the market monitor of potential |
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manipulation of the wholesale electric market. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 39.1515, Utilities Code, is amended by |
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amending Subsection (f) and adding Subsection (i) to read as |
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follows: |
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(f) The market monitor immediately shall report in writing |
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directly to both the commission and commission staff all [any] |
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potential market manipulations and all [any] discovered or |
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potential violations of commission rules or rules of the |
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independent organization. |
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(i) On February 1 of each year, the commission shall provide |
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a public report that describes for the previous 12 months: |
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(1) the number of instances in which the market |
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monitor reported potential market manipulation to the commission or |
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commission staff; |
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(2) the laws, regulations, and ERCOT requirements |
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alleged to have been violated by the reported entities; and |
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(3) the number of instances reported under Subdivision |
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(1) for which the commission or commission staff initiated |
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enforcement action. |
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SECTION 2. This Act takes effect September 1, 2023. |