Tex. Utilities Code § 36.057
This is the official text of Tex. Utilities Code § 36.057, part of Texas’s Utilities Code — regulates utility companies.
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§ 36.057. NET INCOME; DETERMINATION OF REVENUES AND EXPENSES.
Official statutory text
(a) An electric utility's net income is the total revenues of the utility less all reasonable and necessary expenses as determined by the regulatory authority.
(b) The regulatory authority shall determine revenues and expenses in a manner consistent with this subchapter.
(c) The regulatory authority may adopt reasonable rules with respect to whether an expense is allowed for ratemaking purposes.
(b) The regulatory authority shall determine revenues and expenses in a manner consistent with this subchapter.
(c) The regulatory authority may adopt reasonable rules with respect to whether an expense is allowed for ratemaking purposes.
Status: in_force · Read it on the official government site
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