Tex. Util. Code § 102.051 · Subchapter B. RESTRICTIONS ON CERTAIN TRANSACTIONS
REPORT OF CERTAIN TRANSACTIONS; RAILROAD COMMISSION CONSIDERATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Not later than the 60th day after the date the transaction takes effect, a gas utility shall report to the railroad commission:
(1) a sale, acquisition, or lease of a plant as an operating unit or system in this state for a total consideration of more than $1 million; or
(2) a merger or consolidation with another gas utility operating in this state.
(b) On the filing of a report with the railroad commission, the railroad commission shall investigate the transaction described by Subsection (a), with or without a public hearing, to determine whether the action is consistent with the public interest. In reaching its determination, the railroad commission shall consider the reasonable value of the property, facilities, or securities to be acquired, disposed of, merged, or consolidated.
(c) If the railroad commission finds that a transaction is not in the public interest, the railroad commission shall take the effect of the transaction into consideration in ratemaking proceedings and disallow the effect of the transaction if the transaction will unreasonably affect rates or service.
(d) This section does not apply to:
(1) the purchase of a unit of property for replacement; or
(2) an addition to the facilities of a gas utility by construction.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 1999, 76th Leg., ch. 32, Sec. 1, eff. Sept. 1, 1999.
Amended by:
Acts 2005, 79th Leg., Ch. 1000 (H.B. 474), Sec. 1, eff. September 1, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/UT/htm/UT.102.htm
- Text hash
- sha256 7f3e9daa62c313802362479a6f1e07a33186492edde858035cd65536d3446f67
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.