111.183 – BASIS FOR RATE. The basis of the rates shall be
Texas Natural Resources Code § 111.183
Summary
This law establishes how rates for common carriers are determined, ensuring they reflect a fair return on property value. It applies to entities providing transportation services, requiring them to account for depreciation and operating expenses.
Rates must provide a fair return on property value.
Depreciation and operating expenses must be considered.
Applies to common carriers in transportation services.
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In simple terms: Learn about Texas's BASIS FOR RATE. The basis of the rates shall be law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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