Tex. Utilities Code § 53.053
This is the official text of Tex. Utilities Code § 53.053, part of Texas’s Utilities Code — regulates utility companies.
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§ 53.053. COMPONENTS OF INVESTED CAPITAL.
Official statutory text
(a) Public utility rates shall be based on the original cost, less depreciation, of property used by and useful to the utility in providing service.
(b) The original cost of property shall be determined at the time the property is dedicated to public use, whether by the utility that is the present owner or by a predecessor.
(c) In this section, "original cost" means the actual money cost or the actual money value of consideration paid other than money.
(b) The original cost of property shall be determined at the time the property is dedicated to public use, whether by the utility that is the present owner or by a predecessor.
(c) In this section, "original cost" means the actual money cost or the actual money value of consideration paid other than money.
Status: in_force · Read it on the official government site
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