Tex. Util. Code § 104.051
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
In establishing a gas 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 its reasonable and necessary operating expenses.
Tex. Util. Code § 104.051