Texas Bill Would Increase Threshold At Which Generators Need Approval For Mergers, Acquisitions
A bill [HB 1503] has been filed with the Texas legislature which would generally increase the threshold at which a generator must seek approval for an acquisition or merger.
Currently, the threshold is 1%. The bill would increase the threshold required for PUC approval to any transaction exceeding 10% of the total installed generation capacity located in, or capable of delivering electricity to, the power region.
The bill also modified descriptive language concerning the entities required to seek approval, the power region, and nature of any affiliation