| 1 | | - | By: Fraser S.B. No. 777 |
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| 2 | | - | (In the Senate - Filed February 25, 2015; March 2, 2015, |
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| 3 | | - | read first time and referred to Committee on Natural Resources and |
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| 4 | | - | Economic Development; March 30, 2015, reported adversely, with |
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| 5 | | - | favorable Committee Substitute by the following vote: Yeas 10, |
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| 6 | | - | Nays 0; March 30, 2015, sent to printer.) |
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| 7 | | - | Click here to see the committee vote |
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| 8 | | - | COMMITTEE SUBSTITUTE FOR S.B. No. 777 By: Fraser |
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| 1 | + | By: Fraser, West S.B. No. 777 |
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| 9 | 2 | | |
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| 10 | 3 | | |
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| 11 | 4 | | A BILL TO BE ENTITLED |
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| 12 | 5 | | AN ACT |
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| 13 | 6 | | relating to the authority of the Public Utility Commission of Texas |
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| 14 | 7 | | to restrict participation in the retail electric market for |
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| 15 | 8 | | significant violations. |
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| 16 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 17 | 10 | | SECTION 1. Section 39.356, Utilities Code, is amended by |
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| 18 | 11 | | adding Subsection (a-1) to read as follows: |
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| 19 | 12 | | (a-1) If the commission suspends, revokes, or amends a |
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| 20 | 13 | | retail electric provider's certificate under Subsection (a), the |
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| 21 | 14 | | commission may, after notice and opportunity for hearing, prohibit |
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| 22 | 15 | | an individual who is a principal or executive officer of the retail |
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| 23 | 16 | | electric provider and who knew or reasonably should have known of |
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| 24 | 17 | | the acts or omissions described by Subsection (a) that led to the |
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| 25 | 18 | | suspension, revocation, or amendment of the certificate from |
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| 26 | 19 | | participating in the retail electric market in Texas through |
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| 27 | 20 | | ownership of or seeking employment by a retail electric provider, |
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| 28 | 21 | | electric utility, billing agent, billing utility, aggregator, or |
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| 29 | 22 | | person who assists in selection of a retail electric provider. |
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| 30 | 23 | | SECTION 2. This Act takes effect immediately if it receives |
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| 31 | 24 | | a vote of two-thirds of all the members elected to each house, as |
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| 32 | 25 | | provided by Section 39, Article III, Texas Constitution. If this |
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| 33 | 26 | | Act does not receive the vote necessary for immediate effect, this |
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| 34 | 27 | | Act takes effect September 1, 2015. |
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