Texas Statutes (Last Updated: January 4, 2014) |
UTILITIES CODE |
Title 2. PUBLIC UTILITY REGULATORY ACT |
Subtitle B. ELECTRIC UTILITIES |
Chapter 37. CERTIFICATES OF CONVENIENCE AND NECESSITY |
Subchapter D. REGULATION OF SERVICES, AREAS, AND FACILITIES |
Sec. 37.154. TRANSFER OF CERTIFICATE
Latest version.
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(a) An electric utility may sell, assign, or lease a certificate or a right obtained under a certificate if the commission determines that the purchaser, assignee, or lessee can provide adequate service.
(b) A sale, assignment, or lease of a certificate or a right is subject to conditions the commission prescribes.
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.