Bill Text: TX HB3645 | 2019-2020 | 86th Legislature | Introduced
Bill Title: Relating to the registration and regulation of brokers by the Public Utility Commission of Texas.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2019-03-25 - Left pending in committee [HB3645 Detail]
Download: Texas-2019-HB3645-Introduced.html
| By: Parker | H.B. No. 3645 | |
|
|
||
|
|
||
| relating to the registration and regulation of brokers by the | ||
| Public Utility Commission of Texas. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Subchapter H, Chapter 39, Utilities Code, is | ||
| amended by adding Section 39.3555 to read as follows: | ||
| Sec. 39.3555. REGISTRATION OF BROKERS. (a) In this | ||
| section, "brokerage services" means providing advice or | ||
| procurement services to, or acting on behalf of, a retail electric | ||
| customer regarding the selection of a retail electric provider, or | ||
| the product or service of a retail electric provider, or selling or | ||
| attempting to sell retail electric products or services offered by | ||
| retail electric providers to retail electric customers, including | ||
| online services. | ||
| (b) A person may not provide brokerage services in this | ||
| state for compensation or other consideration unless the person is | ||
| registered with the commission as a broker. | ||
| (c) A retail electric provider is not a broker and may not | ||
| knowingly provide bids or offers to an unregistered broker, and a | ||
| broker may not sell or take title to electric energy. | ||
| (d) A person who registers under this section shall comply | ||
| with customer protection provisions, disclosure requirements, and | ||
| marketing guidelines established by the commission and by this | ||
| title. | ||
| (e) The commission shall adopt rules as necessary to | ||
| implement this section. | ||
| (f) The commission shall process a person's application for | ||
| registration as a broker not later than the 60th day after the date | ||
| the person files the application. | ||
| SECTION 2. This Act takes effect September 1, 2019. | ||
