Tex. Util. Code § 36.053 · Subchapter B. COMPUTATION OF RATES
COMPONENTS OF INVESTED CAPITAL.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Electric utility rates shall be based on the original cost, less depreciation, of property used by and useful to the utility in providing service.
(b) The original cost of property shall be determined at the time the property is dedicated to public use, whether by the utility that is the present owner or by a predecessor.
(c) In this section, the term "original cost" means the actual money cost or the actual money value of consideration paid other than money.
(d) If the commission issues a certificate of convenience and necessity or if the commission, acting under the authority formerly provided by Section 39.203(e), ordered an electric utility or a transmission and distribution utility to construct or enlarge transmission or transmission-related facilities to facilitate meeting the goal for generating capacity from renewable energy technologies under former Section 39.904(a), the commission shall find that the facilities are used and useful to the utility in providing service for purposes of this section and are prudent and includable in the rate base, regardless of the extent of the utility's actual use of the facilities.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.
Amended by:
Acts 2005, 79th Leg., 1st C.S., Ch. 1 (S.B. 20), Sec. 1, eff. September 1, 2005.
Acts 2023, 88th Leg., R.S., Ch. 410 (H.B. 1500), Sec. 10, eff. September 1, 2023.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/UT/htm/UT.36.htm
- Text hash
- sha256 c19d57c5bfa84b6160a027cdce433815b802ec2e3d703527a8ce70e1bbfd489e
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Cited by 4 provisions
Provisions in this library whose text cites Tex. Util. Code § 36.053. Each shows the citation as that text prints it.
Health and Safety Code
Utilities Code
- Tex. Util. Code § 36.210PERIODIC RATE ADJUSTMENTS.Printed as Section 36.053
- Tex. Util. Code § 36.216SINGLE CAPITAL INVESTMENT PROCEDURE FOR CERTAIN UTILITIES.Printed as Section 36.053
- Tex. Util. Code § 37.058CERTIFICATE AND DETERMINATION ISSUED TO CERTAIN NON-ERCOT UTILITIES FOR GENERATING FACILITY.Printed as Section 36.053
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