Tex. Util. Code § 53.051
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
In establishing a public utility's rates, the commission 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 § 53.051