Texas Utilities Code § 53.051 Establishing Overall Revenues

Sec. 53.051. ESTABLISHING OVERALL REVENUES. In establishing a public utility's rates, the commission shall establish the utility's overall revenues at an amount that will permit the utility a reasonable opportunity to earn a reasonable return on the utility's invested capital used and useful in providing service to the public in excess of the utility's reasonable and necessary operating expenses.

Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.

Section: Previous  53.001  53.002  53.003  53.004  53.005  53.006  53.007  53.051  53.052  53.053  53.054  53.055  53.056  53.057  53.058  Next

Last modified: September 28, 2016