Texas Statutes (Last Updated: January 4, 2014) |
UTILITIES CODE |
Title 2. PUBLIC UTILITY REGULATORY ACT |
Subtitle C. TELECOMMUNICATIONS UTILITIES |
Chapter 53. RATES |
Subchapter B. COMPUTATION OF RATES |
Sec. 53.057. NET INCOME; DETERMINATION OF REVENUES AND EXPENSES
Latest version.
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(a) A public utility's net income is the total revenues of the utility less all reasonable and necessary expenses as determined by the commission.
(b) The commission shall determine revenues and expenses in a manner consistent with this subchapter.
(c) The commission 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.