Section 58.055 - Rate Adjustment By Company(a) An electing company may increase a rate for a basic network service during the election period prescribed by Section 58.054 only:(1) with commission approval that the proposed change is included in Section 58.056, 58.057, or 58.058; and(2) as provided by Sections 58.056, 58.057, 58.058, and 58.059.(b) Notwithstanding Subchapter F, Chapter 60, an electing company may, on its own initiative, decrease a rate for a basic network service during the electing period.(c) The company may decrease the rate for a basic local telecommunications service to an amount above the service's appropriate cost. If the company has been required to perform or has elected to perform a long run incremental cost study, the appropriate cost for the service is the service's long run incremental cost. Amended by Acts 1999, 76th Leg., ch. 1212, Sec. 40, eff. Sept. 1, 1999 Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.