Texas § UT.39.162 - DEFAULT OF MARKET PARTICIPANT
Full text of Texas The Texas Constitution § UT.39.162 — DEFAULT OF MARKET PARTICIPANT, with citation guidance and answers to common questions.
§ UT.39.162. DEFAULT OF MARKET PARTICIPANT
DEFAULT OF MARKET PARTICIPANT. (a) The commission shall require that all market participants pay or make provision for the full and prompt payment of amounts owed calculated solely according to the protocols in effect during the period of emergency to the independent organization certified under Section 39.151 for the ERCOT power region to qualify, or to continue to qualify, as a market participant in the ERCOT power region. (b) If a market participant has failed to fully repay all amounts calculated solely under the protocols in effect during the period of emergency of the independent organization certified under Section 39.151 for the ERCOT power region, the independent organization shall report the market participant as in default to the commission. The commission may not allow the independent organization to accept the defaulting market participant's loads or generation for scheduling in the ERCOT power region, or allow the defaulting market participant to be a market participant in the ERCOT power region for any purpose, until all amounts owed to the independent organization by the market participant as calculated under the protocols are paid in full. (c) The commission and the independent organization certified under Section 39.151 for the ERCOT power region shall pursue collection in full of amounts owed to the independent organization by the defaulting market participant. Added by Acts 2021, 87th Leg., R.S., Ch. 950 (S.B. 1580 ), Sec. 3, eff. June 18, 2021. Redesignated from Utilities Code, Section 39.160 by Acts 2023, 88th Leg., R.S., Ch. 768 (H.B. 4595 ), Sec. 22.003(b), eff. September 1, 2023.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § UT.39.162
What does The Texas Constitution § UT.39.162 cover?
Section UT.39.162 ("DEFAULT OF MARKET PARTICIPANT") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § UT.39.162?
A common citation format is "The Texas Constitution § UT.39.162" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § UT.39.162 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.