Texas Utilities Code - Section 101.002. Purpose And Findings
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§ 101.002. PURPOSE AND FINDINGS. (a) This subtitle is
enacted to protect the public interest inherent in the rates and
services of gas utilities. The purpose of this subtitle is to
establish a comprehensive and adequate regulatory system for gas
utilities to assure rates, operations, and services that are just
and reasonable to the consumers and to the utilities.
(b) Gas utilities are by definition monopolies in the areas
they serve. As a result, the normal forces of competition that
regulate prices in a free enterprise society do not operate. Public
agencies regulate utility rates, operations, and services as a
substitute for competition.
Acts 1997, 75th Leg., ch. 166, § 1, eff. Sept. 1, 1997.
Section: 66.012 66.013 66.014 66.015 66.016 66.017 101.001 101.002 101.003 101.004 101.005 101.006 101.007 101.008 101.051
Last modified: August 10, 2007
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