Additionally, entrepreneurs may register as aggregators to join customers into a single purchasing unit and negotiate on their behalf for the purchase of electricity. Aggregators must provide significant disclosure information and meet certain financial requirements to protect customers from the loss of deposits or advance payments. These rules also include provisions to suspend and revoke aggregator registrations and to impose administrative penalties for violations. The Commission also adopted rules establishing registration requirements for power generation companies and self-generators. Companies will be required to supply specific information including the capacity rating for all their generating facilities in Texas.
Registrations are subject to suspension, revocation and penalties.
Wednesday's actions by the Commission address a broad package of standards for companies to enter the electric business when retail competition begins. Texas' electric restructuring was directed by Senate Bill 7, the electric restructuring law passed by the Texas Legislature and signed by Gov. George W. Bush in 1999. The PUC encourages competition and customer choice while ensuring electric and telephone operations, services and rates are fair and reasonable. Request Policy Copyright 1998-2001 Public Utility Commission of Texas.