Bill Text: TX HB2435 | 2011-2012 | 82nd Legislature | Comm Sub
Bill Title: Relating to rate adjustments by gas utilities.
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: (Introduced - Dead) 2011-05-12 - Postponed [HB2435 Detail]
Download: Texas-2011-HB2435-Comm_Sub.html
82R23240 ALL-F | |||
By: Deshotel, Howard of Fort Bend, | H.B. No. 2435 | ||
J. Davis of Harris | |||
Substitute the following for H.B. No. 2435: | |||
By: Sheffield | C.S.H.B. No. 2435 |
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relating to rate adjustments by gas utilities. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Subchapter G, Chapter 104, Utilities Code, is | ||
amended by adding Section 104.302 to read as follows: | ||
Sec. 104.302. RATE ADJUSTMENTS. In establishing a gas | ||
utility's rates, the commission or municipal regulatory authority | ||
may, but is not required to, approve a tariff or rate schedule in | ||
which the rate for gas utility service is adjusted based on changes | ||
in the gas utility's revenues, expenses, or investments. Rates and | ||
charges resulting from tariffs or rate schedules established within | ||
a municipality by mutual agreement of the utility and the municipal | ||
regulatory authority shall be presumed reasonable by the | ||
commission. Nothing in this section changes the original or | ||
appellate jurisdiction of a municipal regulatory authority or the | ||
commission. | ||
SECTION 2. This Act takes effect September 1, 2011. |