Tex. Util. Code § 36.059 · Subchapter B. COMPUTATION OF RATES
TREATMENT OF CERTAIN TAX BENEFITS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) In determining the allocation of tax savings derived from liberalized depreciation and amortization, the investment tax credit, and the application of similar methods, the regulatory authority shall:
(1) balance equitably the interests of present and future customers; and
(2) apportion accordingly the benefits between consumers and the electric or municipally owned utility.
(b) If an electric utility or a municipally owned utility retains a portion of the investment tax credit, that portion shall be deducted from the original cost of the facilities or other addition to the rate base to which the credit applied to the extent allowed by the Internal Revenue Code.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.
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 96721a226cce483dd896ec0373ac9b5334fba125cd8583be029c89f84dead440
- 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.