13.185[2/2] – COMPONENTS OF INVESTED CAPITAL AND NET INCOME.
Texas Water Code § 13.185[2/2]
Summary
This law outlines the regulatory authority's ability to set rules regarding which expenses can be included in ratemaking. It specifically prohibits certain expenses, such as legislative advocacy costs and refund processing costs, from being considered in the calculation of invested capital and net income.
Regulatory authority can set rules on allowable expenses.
Legislative advocacy costs are excluded from ratemaking.
Refund processing costs cannot be included in calculations.
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In simple terms: Learn about Texas's COMPONENTS OF INVESTED CAPITAL AND NET INCOME. 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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