The commission shall require each public utility to carry a proper and adequate depreciation account in accordance with:
(1) the rates and methods prescribed by the commission under Section 53.056; and
(2) any other rule the commission adopts.
Tex. Util. Code § 52.252
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
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.