Texas HB4427 amends the Utilities Code to restrict certain legal expenses incurred by electric utilities in rate proceedings.

Texas HB4427 amends the Utilities Code to restrict the recovery of certain legal expenses by electric utilities in rate proceedings. Specifically, it prohibits the regulatory authority from allowing legal expenses that are unreasonable, unnecessary, or not in the public interest, including those exceeding $50,000 or 50 percent of the total legal expenses for the proceeding. Additionally, it amends the Water Code to prohibit the inclusion of legislative advocacy expenses and costs of processing refunds or credits for ratemaking purposes.

Texas HB4427 amends the Utilities Code to restrict certain legal expenses incurred by electric utilities in rate proceedings.

Texas HB4427 amends the Utilities Code to restrict the recovery of certain legal expenses by electric utilities in rate proceedings. Specifically, it prohibits the regulatory authority from allowing legal expenses that are unreasonable, unnecessary, or not in the public interest, including those exceeding $50,000 or 50 percent of the total legal expenses for the proceeding. Additionally, it amends the Water Code to prohibit the inclusion of legislative advocacy expenses and costs of processing refunds or credits for ratemaking purposes.