87R10994 CXP-D
By: Vasut H.B. No. 2759
A BILL TO BE ENTITLED
AN ACT
relating to the governing body 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 must be a resident of this state.
SECTION 2. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2021.