88R20792 DIO-F
By: Slawson, et al. H.B. No. 4862
Substitute the following for H.B. No. 4862:
By: Raymond C.S.H.B. No. 4862
A BILL TO BE ENTITLED
AN ACT
relating to required reporting by the wholesale electric market
monitor for the ERCOT power region.
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 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) Not later than December 1 of each year, the commission
shall submit a report to the legislature that describes for the
12-month period preceding the report's submission:
(1) the number of instances in which the market
monitor reported potential market manipulation to the commission or
commission staff;
(2) the statutes, commission rules, and rules of the
independent organization alleged to have been violated by the
reported entities; and
(3) the number of instances reported under Subdivision
(1) for which the commission instituted a formal investigation on
its own motion or commission staff initiated an enforcement action.
SECTION 2. This Act takes effect September 1, 2023.