Tex. Utilities Code § 39.606

TRUE-UP MECHANISM.

Last amended: 2021Year: 2026Length: 67 wordsOfficial source
An order issued under Section 39.603 or 39.604 must include a mechanism requiring that default charges be reviewed and adjusted at least annually, not later than the 45th day after the anniversary date of the issuance of the order, to: (1) correct over-collections or under-collections over the preceding 12 months; and (2) ensure the expected recovery of amounts sufficient to timely provide all payments of debt service.
Tex. Utilities Code § 39.606: TRUE-UP MECHANISM. | Justis AI