87R10679 CXP-D
By: Leach H.B. No. 2630
A BILL TO BE ENTITLED
AN ACT
relating to the governing body and corporate officers of the
independent organization certified to manage the ERCOT power
region.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 39.151, Utilities Code, is amended by
adding Subsections (g-2) and (g-3) to read as follows:
(g-2) To qualify to serve as a member of the governing body
under Subsection (g)(4), (5), (6), or (7), a person must be a
resident of this state.
(g-3) To maintain certification as an independent
organization under this section, an organization's chief executive
officer and other corporate officers must be residents of this
state.
SECTION 2. (a) An independent organization certified under
Section 39.151, Utilities Code, by the Public Utility Commission of
Texas before September 1, 2021, shall hold elections and select new
members as needed to modify the organization's governing body to
comply with Section 39.151, Utilities Code, as amended by this Act,
as soon as practicable, but not later than September 1, 2022.
(b) An independent organization certified under Section
39.151, Utilities Code, by the Public Utility Commission of Texas
before September 1, 2021, shall ensure that the chief executive
officer and other corporate officers of the organization are
residents of this state as soon as practicable, but not later than
September 1, 2022.
(c) After September 1, 2022, the Public Utility Commission
of Texas may decertify an independent organization whose governing
body, chief executive officer, or other corporate officers do not
comply with Section 39.151, Utilities Code, as amended by this Act.
SECTION 3. This Act takes effect September 1, 2021.