2010-050 RES ENDORSING CERTAIN LEGISLATIVE CHANGES RELATING TO THE SUNSET REVIEW

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NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, THAT: things. Section 1. The findings set out in the preamble to this resolution are hereby in all Section 2. The City urges reforming the PUC and ERCOT in such a way as to enhance competition in the deregulated market, to promote consumer protection and to encourage the sale of affordable electricity. Specifically, the City urges the Texas Legislature, as it considers changes recommended by the Sunset Advisory Commi9ssion, to adopt reforms consistent with the following: • All generators, regardless of size, should explicitly be barred from the unlawful exercise of market power. • Entitles such as municipalities, commercial customers or retail electric providers harmed by wholesale market abuse should be given explicit standing to participate in market power abuse enforcement actions brought by the PUC. • Fines should be increased for market abuses in such a way that the PUC can order full restitution to the market, market participants, or parties injured by the violation. • Activities defined as market abuse by the Federal Energy Regulatory Commission should be prohibited. • The statutory purpose of the PUC should be modified to require it to harmonize its pursuit of competition with the protection of consumers of electricity. • As a condition of conducting business within Texas, a competitive Retail Electric Providers (REPs) should be required to include among their offers one standard electricity package that has PUC-approved terms and conditions. • The number of consumer representatives on the ERCOT board should be increased from the current three members to six. • The Office of the Comptroller should be assigned a seat on the board as well as on appropriate budget oversight panels within ERCOT. The Comptroller's office should be given access to all ERCOT contracting material and be charged with conducting a bi-annual performance review of ERCOT. • The PUC should be required to pre-approve all debt financing by ERCOT.