Texas Utilities Code

§ 54.255 — TRANSFER OF CERTAIN CERTIFICATES

UT § 54.255Title 2. PUBLIC UTILITY REGULATORY ACT · Part C. TELECOMMUNICATIONS UTILITIES · Ch. 54. CERTIFICATES · Art. F. REGULATION OF SERVICES, AREAS, AND FACILITIES

Statute text

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(a)A telecommunications utility may sell, assign, or lease a certificate of convenience and necessity or a certificate of operating authority or a right obtained under such a certificate if the commission determines that the purchaser, assignee, or lessee can provide adequate service.

(b)The sale, assignment, or lease of a certificate or a right is subject to conditions the commission prescribes.

Legislative history

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