Tex. Util. Code § 104.361 · Subchapter I. CUSTOMER RATE RELIEF BONDS
PURPOSE; RAILROAD COMMISSION DUTY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The purpose of this subchapter is to reduce the cost that customers would otherwise experience because of extraordinary costs that gas utilities incurred to secure gas supply and provide service during Winter Storm Uri, and to restore gas utility systems after that event, by providing securitization financing for gas utilities to recover those costs. The securitization financing mechanism authorized by this subchapter will:
(1) provide rate relief to customers by extending the period during which the costs described by this subsection are recovered from customers; and
(2) support the financial strength and stability of gas utility companies.
(b) The railroad commission shall ensure that securitization provides tangible and quantifiable benefits to customers, greater than would have been achieved absent the issuance of customer rate relief bonds.
Notes and commentary — not statutory text
History
Added by Acts 2021, 87th Leg., R.S., Ch. 805 (H.B. 1520), Sec. 5, eff. June 16, 2021.
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 1f2370d1c2a08ad9cf88ee094dbcb5498d64fad319d6d577f160d67a20eb1656
- 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.