TX SB2368

Public Utility Commission of Texas may impose administrative penalties up to $1 million per violation on business entities that grant foreign companies access to or control of critical electric grid equipment or infrastructure

Business entities that fail to submit required information or knowingly submit false information to ERCOT (the independent grid organization) face penalties up to $1 million per violation

Administrative penalty authority explicitly extends to electric utilities, municipally owned utilities, and electric cooperatives

ERCOT must require prospective employees in grid security-critical positions to attest to any prior travel to certain designated foreign countries and any relationships with foreign governments or political organizations before hiring

Market participants must attest compliance with foreign entity restrictions and report purchases of critical grid equipment from prohibited foreign companies; ERCOT may suspend or terminate registration of entities suspected of being foreign companies of concern

Enforcement information related to PUC proceedings is confidential and exempt from public disclosure laws, with limited exceptions for law enforcement and legislators