Sec. 111.183. BASIS FOR RATE. The basis of the rates shall be an amount that will provide a fair return on the aggregate value of the property of a common carrier used and useful in the services performed after providing reasonable allowance for depreciation and other factors and for reasonable operating expenses under honest, efficient, and economical management.
Acts 1977, 65th Leg., p. 2588, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977.
Structure Texas Statutes
Subtitle D - Regulation of Specific Businesses and Occupations
Chapter 111 - Common Carriers, Public Utilities, and Common Purchasers
Section 111.181. Establishing and Promulgating Rates
Section 111.182. Items Included in Rates
Section 111.183. Basis for Rate
Section 111.184. Discretion of Commission
Section 111.185. Temporary Rates
Section 111.186. Reparation and Reimbursement
Section 111.187. Reimbursement of Excess Charges
Section 111.188. Annual Rate Hearing