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Texas moves closer to regulating power brokers

By: Chron.com |

A bill that would require electricity brokers to register with the Public Utility Commission moved a step closer this week.

The Texas House Committee on State Affairs approved the consumer protection measure last week after it cleared the Texas Senate last month, according to legislative records. It is expected to go next to the Texas House for a vote.

The legislation would provide Texas regulators a way to monitor the advice and sales electricity brokers currently offer to Texans shopping for power plans. The industry has mushroomed over the past few years because of the complexity of buying power.

If passed, the bill would take effect Sept. 1.