By: Parker H.B. No. 3645
A BILL TO BE ENTITLED
AN ACT
relating to the registration and regulation of brokers by the
Public Utility Commission of Texas.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter H, Chapter 39, Utilities Code, is
amended by adding Section 39.3555 to read as follows:
Sec. 39.3555. REGISTRATION OF BROKERS. (a) In this
section, "brokerage services" means providing advice or
procurement services to, or acting on behalf of, a retail electric
customer regarding the selection of a retail electric provider, or
the product or service of a retail electric provider, or selling or
attempting to sell retail electric products or services offered by
retail electric providers to retail electric customers, including
online services.
(b) A person may not provide brokerage services in this
state for compensation or other consideration unless the person is
registered with the commission as a broker.
(c) A retail electric provider is not a broker and may not
knowingly provide bids or offers to an unregistered broker, and a
broker may not sell or take title to electric energy.
(d) A person who registers under this section shall comply
with customer protection provisions, disclosure requirements, and
marketing guidelines established by the commission and by this
title.
(e) The commission shall adopt rules as necessary to
implement this section.
(f) The commission shall process a person's application for
registration as a broker not later than the 60th day after the date
the person files the application.
SECTION 2. This Act takes effect September 1, 2019.