Texas Statutes (Last Updated: January 4, 2014) |
UTILITIES CODE |
Title 2. PUBLIC UTILITY REGULATORY ACT |
Subtitle B. ELECTRIC UTILITIES |
Chapter 36. RATES |
Subchapter B. COMPUTATION OF RATES |
Sec. 36.057. NET INCOME; DETERMINATION OF REVENUES AND EXPENSES
Latest version.
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(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.
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.