Texas § UT.36.157 - RATE REVIEW SCHEDULE
Full text of Texas The Texas Constitution § UT.36.157 — RATE REVIEW SCHEDULE, with citation guidance and answers to common questions.
§ UT.36.157. RATE REVIEW SCHEDULE
RATE REVIEW SCHEDULE. (a) This section applies only to an electric utility, other than a river authority, that operates solely inside ERCOT. (b) Notwithstanding any other provision of this title, not later than June 1, 2018, the commission by rule shall establish a schedule that requires an electric utility to make periodic filings with the commission to modify or review base rates charged by the electric utility. The schedule may be established on the basis of: (1) the period since the commission entered the commission's final order in the electric utility's most recent base rate proceeding; (2) whether the electric utility has earned materially more than the utility's authorized rate of return on equity as demonstrated by earnings monitoring reports; or (3) other criteria that the commission determines is in the public interest. (c) The commission shall extend the date for the proceeding required by Subsection (b) by one year on a year-to-year basis if, 180 days before the date the proceeding is required, the electric utility's most recent earnings monitoring report shows the electric utility is earning, on a weather-normalized basis, less than 50 basis points above: (1) for a transmission and distribution utility, the average of the most recent commission-approved rate of return on equity for each transmission and distribution utility with 175,000 or more metered customers; and (2) for a transmission-only utility, the average of the most recent commission-approved rate of return on equity for each transmission-only utility. (d) The commission may extend the date for the proceeding required by Subsection (b) for good cause shown or because of resource constraints of the commission. (e) This section does not limit the ability of a regulatory authority to initiate a base rate proceeding at any time under this title. Added by Acts 2017, 85th Leg., R.S., Ch. 200 (S.B. 735 ), Sec. 1, eff. May 27, 2017. SUBCHAPTER E. COST RECOVERY AND RATE ADJUSTMENT
Frequently Asked Questions About Texas § UT.36.157
What does The Texas Constitution § UT.36.157 cover?
Section UT.36.157 ("RATE REVIEW SCHEDULE") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § UT.36.157?
A common citation format is "The Texas Constitution § UT.36.157" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § UT.36.157 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.