A public utility may not purchase voting stock in another public utility doing business in this state unless the utility reports the purchase to the commission.
Tex. Util. Code § 14.102
REPORT OF PURCHASE OF VOTING STOCK IN PUBLIC UTILITY
Known as the Public Utility Regulatory Act
The act spans §§ 11–66 (1,170 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.