Tex. Utilities Code § 36.059
This is the official text of Tex. Utilities Code § 36.059, part of Texas’s Utilities Code — regulates utility companies.
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§ 36.059. TREATMENT OF CERTAIN TAX BENEFITS.
Official statutory text
(a) In determining the allocation of tax savings derived from liberalized depreciation and amortization, the investment tax credit, and the application of similar methods, the regulatory authority shall:
(1) balance equitably the interests of present and future customers; and
(2) apportion accordingly the benefits between consumers and the electric or municipally owned utility.
(b) If an electric utility or a municipally owned utility retains a portion of the investment tax credit, that portion shall be deducted from the original cost of the facilities or other addition to the rate base to which the credit applied to the extent allowed by the Internal Revenue Code.
(1) balance equitably the interests of present and future customers; and
(2) apportion accordingly the benefits between consumers and the electric or municipally owned utility.
(b) If an electric utility or a municipally owned utility retains a portion of the investment tax credit, that portion shall be deducted from the original cost of the facilities or other addition to the rate base to which the credit applied to the extent allowed by the Internal Revenue Code.
Status: in_force · Read it on the official government site
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