In establishing an electric utility's rates, the regulatory authority shall establish the utility's overall revenues at an amount that will permit the utility a reasonable opportunity to earn a reasonable return on the utility's invested capital used and useful in providing service to the public in excess of the utility's reasonable and necessary operating expenses.
Tex. Util. Code § 36.051
ESTABLISHING OVERALL REVENUES
Known as the Public Utility Regulatory Act
The act spans §§ 11–66 (1,170 sections).
Applied in 11 court decisions — leading case Public Utility Commission v. City Public Service Board of San Antonio (2001)
Most recently applied in Oncor Electric Delivery Company LLC v. Public Utility Commission of Texas (January 2017)
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.