Texas HB2500 amends Water Code to expedite proceedings for water or sewer service acquisitions and system improvement charges.

Texas HB2500 amends the Water Code to facilitate the acquisition of water or sewer utilities by other entities and expedite system improvement charges. The bill mandates the Public Utility Commission of Texas to adopt an expedited process for approving acquisitions by municipally owned utilities, counties, or other entities. It also requires the commission to establish a schedule for utilities to periodically review and adjust base rates. Additionally, the bill allows for alternative ratemaking methodologies to ensure timely cost recovery.

Texas HB2500 amends Water Code to expedite proceedings for water or sewer service acquisitions and system improvement charges.

Texas HB2500 amends the Water Code to facilitate the acquisition of water or sewer utilities by other entities and expedite system improvement charges. The bill mandates the Public Utility Commission of Texas to adopt an expedited process for approving acquisitions by municipally owned utilities, counties, or other entities. It also requires the commission to establish a schedule for utilities to periodically review and adjust base rates. Additionally, the bill allows for alternative ratemaking methodologies to ensure timely cost recovery.