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A BILL TO BE ENTITLED
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AN ACT
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relating to rate adjustments by gas utilities. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter G, Chapter 104, Utilities Code, is |
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amended by adding Section 104.302 to read as follows: |
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Sec. 104.302. RATE ADJUSTMENTS. In establishing a gas |
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utility's rates, the commission or municipal regulatory authority |
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may, but is not required to, approve a tariff or rate schedule in |
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which the rate for gas utility service is adjusted based on changes |
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in the gas utility's revenues, expenses, or investments. Rates and |
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charges resulting from tariffs or rate schedules established within |
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a municipality by mutual agreement of the utility and the municipal |
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regulatory authority shall be presumed reasonable by the |
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commission. Nothing in this section changes the original or |
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appellate jurisdiction of a municipal regulatory authority or the |
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commission. |
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SECTION 2. This Act takes effect September 1, 2011. |