Tex. Util. Code § 36.067 · Subchapter B. COMPUTATION OF RATES
CONSIDERATION OF COMPENSATION AND BENEFIT EXPENSES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) In this section, "employee compensation and benefits" includes base salaries, wages, incentive compensation, and benefits. The term does not include:
(1) pension or other postemployment benefits; or
(2) incentive compensation for an officer of an electric utility related to attaining:
(A) financial metrics; or
(B) metrics adverse to customers' interests as determined by the commission.
(b) When establishing an electric utility's rates, the regulatory authority shall presume that employee compensation and benefits expenses are reasonable and necessary if the expenses are consistent with market compensation studies issued not earlier than three years before the initiation of the proceeding to establish the rates.
Notes and commentary — not statutory text
History
Added by Acts 2023, 88th Leg., R.S., Ch. 3 (S.B. 1016), Sec. 1, eff. May 5, 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 019d0cfbe92e8052da002cb044d67b1b0e05a10ad12ed6500fbc5a4e68e02cda
- 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.