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Tex. Util. Code § 53.061

ALLOWANCE OF CERTAIN EXPENSES

Known as the Public Utility Regulatory Act

The act spans §§ 11–66 (1,170 sections).

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

(a) The commission may not allow as a cost or expense for ratemaking purposes:

(1) an expenditure for legislative advocacy; or

(2) an expenditure described by Section 52.254 that the commission determines to be not in the public interest.

(b) The commission may allow as a cost or expense reasonable charitable or civic contributions not to exceed the amount approved by the commission.

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