The regulatory authority may not establish a rate that yields more than a fair return on the adjusted value of the invested capital used and useful in providing service to the public.
Tex. Util. Code § 104.052
ESTABLISHING FAIR RATE OF RETURN
Known as the Gas Utility Regulatory Act
The act spans §§ 101–105 (133 sections).
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.