Texas Utilities Code

§ 123.023 — CONTRACT FOR NATURAL GAS

UT § 123.023Title 3. GAS REGULATION · Part B. REGULATION OF TRANSPORTATION AND USE · Ch. 123. USE OF NATURAL GAS FOR AGRICULTURAL PURPOSES · Art. B. AGRICULTURE GAS USERS ACT

Statute text

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(a)A supplier and an agriculture energy user may by contract establish a price and other terms of service for the furnishing of natural gas.

(b)A contract under this section must be negotiated in good faith and the result of arm's-length bargaining between the parties.

(c)Each party shall provide information and maintain records as reasonably necessary for the contract.

(d)A price charged to an agriculture energy user under the contract may not exceed the price charged to a majority of the supplier's commercial users or other similar large-volume users.

Legislative history

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