Texas Utilities Code

§ 104.109 — BONDED RATES

UT § 104.109Title 3. GAS REGULATION · Part A. GAS UTILITY REGULATORY ACT · Ch. 104. RATES AND SERVICES · Art. C. RATE CHANGES PROPOSED BY UTILITY

Statute text

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(a)A gas utility may put a changed rate into effect by filing a bond with the regulatory authority if the regulatory authority fails to make a final determination within 90 days from the date the proposed increase would otherwise be effective.

(b)The bonded rate may not exceed the proposed rate.

(c)The bond must be:

(1)payable to the regulatory authority in an amount, in a form, and with a surety approved by the regulatory authority; and

(2)conditioned on refund.

(d)The gas utility shall refund or credit against future bills:

…

Legislative history

Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.