Texas Utilities Code

§ 53.058 — CONSIDERATION OF PAYMENT TO AFFILIATE

UT § 53.058Title 2. PUBLIC UTILITY REGULATORY ACT · Part C. TELECOMMUNICATIONS UTILITIES · Ch. 53. RATES · Art. B. COMPUTATION OF RATES

Statute text

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(a)Except as provided by Subsection (b), the commission may not allow as capital cost or as expense a payment to an affiliate for:

(1)cost of a service, property, right, or other item; or

(2)interest expense.

(b)The commission may allow a payment described by Subsection (a) only to the extent that the commission finds the payment is reasonable and necessary for each item or class of items as determined by the commission.

(c)A finding under Subsection (b) must include:

(1)a specific finding of the reasonableness and necessity of each item or class of items allowed; and

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Legislative history

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