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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 regulatory authority may, and is encouraged |
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to, approve a tariff or rate schedule in which the rate for gas |
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utility service is adjusted based on changes in the gas utility's |
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revenues, expenses, or investments. |
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SECTION 2. This Act takes effect September 1, 2011. |