Tex. Util. Code § 36.051
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
In establishing an electric utility's rates, the regulatory authority shall establish the utility's overall revenues at an amount that will permit the utility a reasonable opportunity to earn a reasonable return on the utility's invested capital used and useful in providing service to the public in excess of the utility's reasonable and necessary operating expenses.
Tex. Util. Code § 36.051