13.251 – SALE, ASSIGNMENT, OR LEASE OF CERTIFICATE. Except
Texas Water Code § 13.251
Summary
This law regulates the sale, assignment, or lease of certificates of public convenience and necessity by utilities or water service corporations. It ensures that any new entity taking over these rights is capable of providing adequate service to consumers in the designated area.
Utilities must obtain approval before transferring service certificates.
The new entity must demonstrate capability to serve consumers.
Consumer service adequacy is a key consideration in approvals.
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In simple terms: Learn about Texas's SALE, ASSIGNMENT, OR LEASE OF CERTIFICATE. Except 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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