Tex. Util. Code § 53.054 · Subchapter B. COMPUTATION OF RATES

CONSTRUCTION WORK IN PROGRESS.

Verbatim from the official edition

Text — Current through the 89th 2nd Called Legislative Session, 2025

(a) Construction work in progress, at cost as recorded on the public utility's books, may be included in the utility's rate base. The inclusion of construction work in progress is an exceptional form of rate relief that the commission may grant only if the utility demonstrates that inclusion is necessary to the utility's financial integrity.

(b) Construction work in progress may not be included in the rate base for a major project under construction to the extent that the project has been inefficiently or imprudently planned or managed.

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.53.htm
Text hash: sha256 5c8b13652b5b3a3d8bb57724029f87b14e96e3f3e2eeb010c415f9e0b4b2ffea
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

Cited by 1 provision

Provisions in this library whose text cites Tex. Util. Code § 53.054. Each shows the citation as that text prints it.

Utilities Code

Tex. Util. Code § 52.054RULES AND PROCEDURES FOR INCUMBENT LOCAL EXCHANGE COMPANIES.Printed as Sections 53.003, 53.006, 53.051, 53.052, 53.053, 53.054, 53.055, 53.057, 53.058, 53.060, and 53.062

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.