89R9399 CS-D
By: Schwertner S.B. No. 1560
A BILL TO BE ENTITLED
AN ACT
relating to the submission to the legislature of financial
information of an independent organization certified for a power
region.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 39.151, Utilities Code, is amended by
adding Subsection (e-2) to read as follows:
(e-2) Before an independent organization submits a proposed
annual budget to the commission under Subsection (d-1), the chief
executive officer of the independent organization shall appear
before the standing committee of each house of the legislature with
primary jurisdiction over state finance or appropriations in a
public hearing to present:
(1) the proposed annual budget;
(2) proposed performance measures described by
Subsection (d-3);
(3) an overview of the organization's investment
strategies;
(4) any proposed change to the amount of a fee under
Subsection (e); and
(5) information related to:
(A) ongoing or future strategic plans,
objectives, and projects that may require a change to protocols of
the organization, including any associated costs; and
(B) current and planned contracts with outside
consultants or firms to study or make recommendations to the
operations and management of a regional electric network governed
by the organization.
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, 2025.