Texas HB5247 establishes a single capital investment procedure for certain electric utilities.
Texas HB5247 amends the Utilities Code to introduce a single capital investment procedure for certain electric utilities. This procedure allows eligible utilities to recover costs associated with transmission and distribution invested capital through rates, rather than through adjustments to retail and wholesale transmission and distribution rates. The Public Utility Commission of Texas must approve these adjustments and may authorize amortization periods up to 12 months.
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