Relating to affiliation with certain foreign entities of certain persons working or participating in the electricity market; increasing an administrative penalty.

HB 131 amends Texas Utilities Code to strengthen requirements for electricity market participants regarding foreign entity affiliations. It requires business entities in the electricity market to attest they comply with restrictions on purchasing critical grid equipment from certain foreign companies and report such purchases to the independent grid operator (ERCOT). The bill increases penalties for submitting false or incomplete information to up to $1 million per violation. These changes directly affect power companies, grid operators, and other market participants operating in Texas' electricity sector.