Tex. Util. Code § 36.054

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 36.054 - Construction Work In Progress
(a) Construction work in progress, at cost as recorded on the electric utility's books, may be included in the utility's rate base. The inclusion of construction work in progress is an exceptional form of rate relief that the regulatory authority may grant only if the utility demonstrates that inclusion is necessary to the utility's financial integrity.
(b) Construction work in progress may not be included in the rate base for a major project under construction to the extent that the project has been inefficiently or imprudently planned or managed.

Tex. Util. Code § 36.054

Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. 9/1/1997.