Tex. Utilities Code § 39.606
This is the official text of Tex. Utilities Code § 39.606, part of Texas’s Utilities Code — regulates utility companies.
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§ 39.606. TRUE-UP MECHANISM.
Official statutory text
An order issued under Section 39.603 or 39.604 must include a mechanism requiring that default charges be reviewed and adjusted at least annually, not later than the 45th day after the anniversary date of the issuance of the order, to:
(1) correct over-collections or under-collections over the preceding 12 months; and
(2) ensure the expected recovery of amounts sufficient to timely provide all payments of debt service.
(1) correct over-collections or under-collections over the preceding 12 months; and
(2) ensure the expected recovery of amounts sufficient to timely provide all payments of debt service.
Status: in_force · Read it on the official government site
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