Tex. Util. Code § 53.110 · Subchapter C. GENERAL PROCEDURES FOR RATE CHANGE PROPOSED BY UTILITY
BONDED RATES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A utility may put a changed rate into effect by filing a bond with the commission if:
(1) the 150-day suspension period has been extended under Section 53.108(b); and
(2) the commission fails to make a final determination before the 151st day after the date the rate change would otherwise be effective.
(b) The bonded rate may not exceed the proposed rate.
(c) The bond must be:
(1) payable to the commission in an amount, in a form, and with a surety approved by the commission; and
(2) conditioned on refund.
(d) The utility shall refund or credit against future bills:
(1) money collected under the bonded rates in excess of the rate finally ordered; and
(2) interest on that money, at the current interest rate as determined by the commission.
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 67aa35b2bbb0fef3f481127ec8f9523b6191722e7c86a6c4228574bdd2bb2954
- 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
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