Texas HB4378 amends the Utilities Code to increase penalties for violations related to foreign entity affiliations in the electricity market.

Texas HB4378 amends the Utilities Code to increase penalties for violations related to foreign entity affiliations in the electricity market. The bill adds a new subsection to Section 15.023, increasing the penalty for violations of Section 39.360 to a maximum of $1 million per violation. It also allows independent organizations to require additional information from businesses to confirm the accuracy of attestations or reports and to disclose such information to the attorney general or the commission. The bill takes effect on September 1, 2025.

Texas HB4378 amends the Utilities Code to increase penalties for violations related to foreign entity affiliations in the electricity market.

Texas HB4378 amends the Utilities Code to increase penalties for violations related to foreign entity affiliations in the electricity market. The bill adds a new subsection to Section 15.023, increasing the penalty for violations of Section 39.360 to a maximum of $1 million per violation. It also allows independent organizations to require additional information from businesses to confirm the accuracy of attestations or reports and to disclose such information to the attorney general or the commission. The bill takes effect on September 1, 2025.