89th Legislature, Regular Session
HB 4427
Relating to the recovery of certain expenses by an electric utility or a water and sewer utility in a rate proceeding.
Introduced
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- Passed House
- Passed Senate
- To Governor
- Became Law
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89R14642 CXP-D By: Darby H.B. No. 4427 A BILL TO BE ENTITLED AN ACT relating to the recovery of certain expenses by an electric utility or a water and sewer utility in a rate proceeding. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 36.061, Utilities Code, is amended by adding Subsection (b-1) to read as follows: (b-1) For purposes of Subsection (b)(2), the regulatory authority may not allow as a cost or expense legal expenses incurred by an electric utility for participating in a rate proceeding under this title that exceed the greater of $50,000 or 50 percent of the