Bill > HB131

This bill strengthens regulations for electricity market participants, particularly those potentially affiliated with foreign entities, by modifying the Utilities Code and increasing administrative penalties. Specifically, the bill allows the Electric Reliability Council of Texas (ERCOT), the independent organization managing the Texas power grid, to impose up to a $1 million penalty for business entities that submit false or incomplete information. The legislation requires market participants to attest that they comply with certain state regulations regarding critical electric grid equipment and services, particularly purchases from companies with potential foreign connections. ERCOT is now empowered to require additional information to confirm the accuracy of attestations, suspend or terminate a market participant's registration if there are reasonable suspicions about their affiliations, and share information with the attorney general. The attorney general is also granted the ability to investigate the accuracy of information provided by market participants. These provisions aim to enhance the security and transparency of Texas's electricity market by preventing potential foreign influence or control of critical electric infrastructure. The bill will take effect on September 1, 2025, and supersedes any conflicting legislation from the 89th Legislature.

Government Affairs

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB131