Public Utility Commission of Texas Issues Broker Registration Requirements

The Public Utility Commission of Texas has issued the following requirements for registered brokers, as per the Utility Regulatory Act (PURA) Section 39.3555. According to the document, any person providing brokerage services for compensation or other consideration must register as a broker with the Public Utility Commission of Texas. Brokerage services include providing advice or procurement services to, or acting on behalf of, a retail electric customer regarding the selection of a retail electric provider or a product or service offered by a retail electric provider.

Key Takeaways:

• Any person providing brokerage services for compensation or other consideration must register as a broker with the Public Utility Commission of Texas.
• Registered brokers must comply with customer protection provisions, disclosure requirements, and marketing guidelines established by the Commission.
• Failure to comply with PURA or Commission rules may result in an administrative penalty.
• The owner, partner, or officer of the registrant must swear to and affirm that the registrant is authorized to do business in Texas under all applicable laws and is in good standing with the Texas Secretary of State.
• The registrant must understand and comply with all applicable laws and rules.

Statistics:

• No specific numerical data is mentioned in the provided text.
• The document points to other resources for instructions on e-filing and submitting the registration form: https://interchange.puc.texas.gov/filer and https://www.puc.texas.gov/industry/filings/E-FileFilingInstructions.pdf.

Sources:

• Public Utility Commission of Texas, Broker Registration Form (dated September 22, 2022)
• Public Utility Commission of Texas, E-Filing Instructions, https://www.puc.texas.gov/industry/filings/E-FileFilingInstructions.pdf