2023S0247-1 03/06/23
By: Slawson H.B. No. 4862
A BILL TO BE ENTITLED
AN ACT
relating to reporting by the market monitor of potential
manipulation of the wholesale electric market.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 39.1515, Utilities Code, is amended by
amending Subsection (f) and adding Subsection (i) to read as
follows:
(f) The market monitor immediately shall report in writing
directly to both the commission and commission staff all [any]
potential market manipulations and all [any] discovered or
potential violations of commission rules or rules of the
independent organization.
(i) On February 1 of each year, the commission shall provide
a public report that describes for the previous 12 months:
(1) the number of instances in which the market
monitor reported potential market manipulation to the commission or
commission staff;
(2) the laws, regulations, and ERCOT requirements
alleged to have been violated by the reported entities; and
(3) the number of instances reported under Subdivision
(1) for which the commission or commission staff initiated
enforcement action.
SECTION 2. This Act takes effect September 1, 2023.