Tex. Util. Code § 104.302 · Subchapter G. INTERIM COST RECOVERY AND RATE ADJUSTMENT
RECOVERY OF CERTAIN COSTS FOR GROSS PLANT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) In this section:
(1) "Gross plant" means a gas utility's plant, facilities, or equipment that has been placed in service.
(2) "Post in-service carrying costs" means the product of an unrecovered gross plant multiplied by a gas utility's pre-tax weighted average cost of capital established in the railroad commission's final order in the gas utility's most recent general rate proceeding until recovery.
(3) "Unrecovered gross plant" means a gross plant whose cost is not yet being recovered in a gas utility's rates and not already being deferred to a regulatory asset.
(b) A gas utility may defer for future recovery as a regulatory asset:
(1) post in-service carrying costs;
(2) depreciation associated with the unrecovered gross plant; and
(3) ad valorem taxes associated with the unrecovered gross plant.
(c) A regulatory asset established under Subsection (b) must be included in the railroad commission's authorized cost recovery mechanism under Section 104.301.
(d) On recovery in rates of a regulatory asset established by a gas utility under Subsection (b), the gas utility shall make appropriate accounting adjustments to reflect the recovery in rates.
(e) The railroad commission shall review the costs included in a regulatory asset established by a gas utility under Subsection (b) in a general rate proceeding. The costs are subject to a refund with interest to the extent the railroad commission by order disallows recovery in rates.
Notes and commentary — not statutory text
History
Added by Acts 2025, 89th Leg., R.S., Ch. 657 (H.B. 4384), Sec. 1, eff. June 20, 2025.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/UT/htm/UT.104.htm
- Text hash
- sha256 12a3acce8d22e95c7ad58aac409b80ac4b5d422bf8322a578975ab517a359599
- 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
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