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Tex. Util. Code § 123.023

CONTRACT FOR NATURAL GAS

Known as the Agriculture Gas Users Act

The act spans §§ 123–123 (4 sections).

Applied in 1 court decision — leading case Atmos Energy Corp. v. Abbott (2004)

Most recently applied in Atmos Energy Corp. v. Abbott (January 2004)

Acts 1997, 75th Leg., ch. 166, Sec. 1, eff

(a) A supplier and an agriculture energy user may by contract establish a price and other terms of service for the furnishing of natural gas.

(b) A contract under this section must be negotiated in good faith and the result of arm's-length bargaining between the parties.

(c) Each party shall provide information and maintain records as reasonably necessary for the contract.

(d) A price charged to an agriculture energy user under the contract may not exceed the price charged to a majority of the supplier's commercial users or other similar large-volume users.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.