LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION May 8, 2009 TO: Honorable Burt R. Solomons, Chair, House Committee on State Affairs FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB1772 by Fraser (Relating to the authority of the Public Utility Commission of Texas to address market power abuse, including the right to order restitution for violations.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would authorize the Public Utility Commission (PUC) to order a person to cease a practice that the commission finds is a market power abuse. The bill would authorize the PUC to order any person found to have committed market power abuse to refund entities directly affected by the abuse. In the case the commission determines refunds are appropriate, the PUC shall conduct a proceeding to determine the proper method of distributing the refunds to entities directly affected by the market power abuse. The bill would also authorize the intervention of the Office of Public Utility Counsel in any proceeding concerning market power abuse or market manipulation. The PUC and the Office of Public Utility Counsel anticipate any additional work resulting from the passage of the bill could be reasonably absorbed within current resources. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:473 Public Utility Commission of Texas, 475 Office of Public Utility Counsel LBB Staff: JOB, KJG, ES, JRO
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
May 8, 2009
TO: Honorable Burt R. Solomons, Chair, House Committee on State Affairs FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB1772 by Fraser (Relating to the authority of the Public Utility Commission of Texas to address market power abuse, including the right to order restitution for violations.), As Engrossed
TO: Honorable Burt R. Solomons, Chair, House Committee on State Affairs
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: SB1772 by Fraser (Relating to the authority of the Public Utility Commission of Texas to address market power abuse, including the right to order restitution for violations.), As Engrossed
Honorable Burt R. Solomons, Chair, House Committee on State Affairs
Honorable Burt R. Solomons, Chair, House Committee on State Affairs
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
SB1772 by Fraser (Relating to the authority of the Public Utility Commission of Texas to address market power abuse, including the right to order restitution for violations.), As Engrossed
SB1772 by Fraser (Relating to the authority of the Public Utility Commission of Texas to address market power abuse, including the right to order restitution for violations.), As Engrossed
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would authorize the Public Utility Commission (PUC) to order a person to cease a practice that the commission finds is a market power abuse. The bill would authorize the PUC to order any person found to have committed market power abuse to refund entities directly affected by the abuse. In the case the commission determines refunds are appropriate, the PUC shall conduct a proceeding to determine the proper method of distributing the refunds to entities directly affected by the market power abuse. The bill would also authorize the intervention of the Office of Public Utility Counsel in any proceeding concerning market power abuse or market manipulation. The PUC and the Office of Public Utility Counsel anticipate any additional work resulting from the passage of the bill could be reasonably absorbed within current resources.
The bill would authorize the Public Utility Commission (PUC) to order a person to cease a practice that the commission finds is a market power abuse. The bill would authorize the PUC to order any person found to have committed market power abuse to refund entities directly affected by the abuse. In the case the commission determines refunds are appropriate, the PUC shall conduct a proceeding to determine the proper method of distributing the refunds to entities directly affected by the market power abuse. The bill would also authorize the intervention of the Office of Public Utility Counsel in any proceeding concerning market power abuse or market manipulation.
The PUC and the Office of Public Utility Counsel anticipate any additional work resulting from the passage of the bill could be reasonably absorbed within current resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 473 Public Utility Commission of Texas, 475 Office of Public Utility Counsel
473 Public Utility Commission of Texas, 475 Office of Public Utility Counsel
LBB Staff: JOB, KJG, ES, JRO
JOB, KJG, ES, JRO