| 1 | 1 | | 88R20792 DIO-F |
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| 2 | 2 | | By: Slawson, et al. H.B. No. 4862 |
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| 3 | 3 | | Substitute the following for H.B. No. 4862: |
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| 4 | 4 | | By: Raymond C.S.H.B. No. 4862 |
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| 5 | 5 | | |
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| 6 | 6 | | |
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| 7 | 7 | | A BILL TO BE ENTITLED |
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| 8 | 8 | | AN ACT |
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| 9 | 9 | | relating to required reporting by the wholesale electric market |
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| 10 | 10 | | monitor for the ERCOT power region. |
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| 11 | 11 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 12 | 12 | | SECTION 1. Section 39.1515, Utilities Code, is amended by |
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| 13 | 13 | | amending Subsection (f) and adding Subsection (i) to read as |
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| 14 | 14 | | follows: |
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| 15 | 15 | | (f) The market monitor immediately shall report in writing |
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| 16 | 16 | | directly to the commission and commission staff all [any] potential |
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| 17 | 17 | | market manipulations and all [any] discovered or potential |
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| 18 | 18 | | violations of commission rules or rules of the independent |
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| 19 | 19 | | organization. |
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| 20 | 20 | | (i) Not later than December 1 of each year, the commission |
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| 21 | 21 | | shall submit a report to the legislature that describes for the |
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| 22 | 22 | | 12-month period preceding the report's submission: |
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| 23 | 23 | | (1) the number of instances in which the market |
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| 24 | 24 | | monitor reported potential market manipulation to the commission or |
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| 25 | 25 | | commission staff; |
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| 26 | 26 | | (2) the statutes, commission rules, and rules of the |
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| 27 | 27 | | independent organization alleged to have been violated by the |
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| 28 | 28 | | reported entities; and |
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| 29 | 29 | | (3) the number of instances reported under Subdivision |
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| 30 | 30 | | (1) for which the commission instituted a formal investigation on |
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| 31 | 31 | | its own motion or commission staff initiated an enforcement action. |
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| 32 | 32 | | SECTION 2. This Act takes effect September 1, 2023. |
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