Texas Utilities Code

§ 53.110 — BONDED RATES

UT § 53.110Title 2. PUBLIC UTILITY REGULATORY ACT · Part C. TELECOMMUNICATIONS UTILITIES · Ch. 53. RATES · Art. C. GENERAL PROCEDURES FOR RATE CHANGE PROPOSED BY UTILITY

Statute text

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(a)A utility may put a changed rate into effect by filing a bond with the commission if:

(1)the 150-day suspension period has been extended under Section 53.108(b); and

(2)the commission fails to make a final determination before the 151st day after the date the rate change would otherwise be effective.

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

(c)The bond must be:

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

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Legislative history

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