Relating to the submission to the legislature of financial information of an independent organization certified for a power region.

SB 1560 requires independent organizations certified to manage power regions in Texas to present their proposed annual budgets to legislative committees before submitting them to the state commission. Specifically, the chief executive officer must hold a public hearing with finance committees in each legislative house to explain the budget, performance measures, investment strategies, fee changes, and strategic plans or consultant contracts. This directly affects organizations operating regional electric networks under Texas power region certification. The bill mandates this transparency step before budget approval, focusing on financial accountability rather than altering operational rules. (4 sentences)