Texas Utilities Code - Section 31.001. Legislative Findings; Purpose Of Subtitle
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Texas Laws > Utilities Code > Texas Utilities Code - Section 31.001. Legislative Findings; Purpose Of Subtitle
Section: 17.152 17.153 17.154 17.155 17.156 17.157 17.158 31.001 31.002 31.003 31.004 31.005 32.001 32.0015 32.002
§ 31.001. LEGISLATIVE FINDINGS; PURPOSE OF
SUBTITLE. (a) This subtitle is enacted to protect the public
interest inherent in the rates and services of electric utilities.
The purpose of this subtitle is to establish a comprehensive and
adequate regulatory system for electric utilities to assure rates,
operations, and services that are just and reasonable to the
consumers and to the electric utilities.
(b) Electric utilities are by definition monopolies in many
of the services provided and areas they serve. As a result, the
normal forces of competition that regulate prices in a free
enterprise society do not always operate. Public agencies regulate
electric utility rates, operations, and services, except as
otherwise provided by this subtitle.
(c) The wholesale electric industry, through federal
legislative, judicial, and administrative actions, is becoming a
more competitive industry that does not lend itself to traditional
electric utility regulatory rules, policies, and principles. As a
result, the public interest requires that rules, policies, and
principles be formulated and applied to protect the public interest
in a more competitive marketplace. The development of a
competitive wholesale electric market that allows for increased
participation by electric utilities and certain nonutilities is in
the public interest.
Acts 1997, 75th Leg., ch. 166, § 1, eff. Sept. 1, 1997.
Last modified: August 11, 2007