The Public Utility Commission would have the authority to approve or change the annual budget of the Electric Reliability Council of Texas and fines would quadruple for any company found to have manipulated the electric market for its own gain under the Sunset bill that will be heard in committee on Monday.
State Rep. Burt Solomons’ House Bill 2134 largely tracks the recommendations approved in January by the Sunset Advisory Commission and includes language that the Carrollton Republican has been advocating for at least two years to cut the number of ERCOT board members who have ties to the electric industry.
Solomons was closely involved with matters relating to the PUC and ERCOT dating back to the 2009 legislative session when he chaired the House State Affairs Committee. This session, he traded the State Affairs gavel for the chairmanship of the Redistricting Committee, but he remains a senior member of the panel that oversees electric issues.
COURTESY THE TEXAS ENERGY REPORT: BUZZ
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