81R3428 TJS-F
By: Turner of Harris H.B. No. 631
A BILL TO BE ENTITLED
AN ACT
relating to the regulation of retail electric providers.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 39.352, Utilities Code, is amended by
adding Subsection (c-1) to read as follows:
(c-1) Subject to Subsection (d), a retail electric provider
shall at all times maintain compliance with the requirements for
certification prescribed by Subsection (b) and with all other
applicable requirements prescribed by this title or by a commission
order or rule, including customer protection requirements,
disclosure requirements, and marketing guidelines. At least
annually and at any other time the commission may require, a retail
electric provider shall submit a report to the commission
concerning the financial viability of the retail electric provider.
At any time, the commission, on its own motion or on complaint, may:
(1) investigate the financial, managerial, and
technical performance of a retail electric provider; and
(2) inspect the books and records of a retail electric
provider.
SECTION 2. Section 39.352(e), Utilities Code, is repealed.
SECTION 3. This Act takes effect September 1, 2009.