DEPRECIATION ACCOUNT
Known as the Public Utility Regulatory Act
The act spans §§ 11–66 (1,170 sections).
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff
The commission shall require each electric or municipally owned utility to carry a proper and adequate depreciation account in accordance with:
(1) the rates and methods prescribed by the commission under Section 36.056; and
(2) any other rule the commission adopts.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.