Texas Utilities Code

§ 32.0015 — REGULATION OF SUCCESSOR ELECTRIC UTILITY OR ELECTRIC COOPERATIVE

UT § 32.0015Title 2. PUBLIC UTILITY REGULATORY ACT · Part B. ELECTRIC UTILITIES · Ch. 32. JURISDICTION AND POWERS OF COMMISSION AND OTHER REGULATORY AUTHORITIES · Art. A. COMMISSION JURISDICTION

Statute text

View on source

If an electric utility purchases, acquires, merges, or consolidates with or acquires 50 percent or more of the stock of an electric utility or electric cooperative, the commission shall regulate the successor electric utility or electric cooperative in the same manner that the commission would regulate the entity that was subject to the stricter regulation before the purchase, acquisition, merger, or consolidation.

Legislative history

Added by Acts 1999, 76th Leg., ch. 405, Sec. 12, eff. Sept. 1, 1999.