Sec. 14.202. MANAGEMENT AUDITS BY COMMISSION. (a) The commission shall:
(1) inquire into the management of the business of each public utility under its jurisdiction;
(2) keep itself informed as to the manner and method in which the utility's business is managed; and
(3) obtain from the public utility any information necessary to enable the commission to perform a management audit.
(b) The commission may audit a utility under its jurisdiction as frequently as needed. Six months after an audit, the utility shall report to the commission on the status of the implementation of the recommendations of the audit and shall file subsequent reports at times the commission considers appropriate.
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 2 - Public Utility Regulatory Act
Subtitle A - Provisions Applicable to All Utilities
Chapter 14 - Jurisdiction and Powers of Commission and Other Regulatory Authorities
Subchapter E. Audits and Inspections
Section 14.201. Inquiry Into Management and Affairs
Section 14.202. Management Audits by Commission
Section 14.203. Audit of Accounts
Section 14.205. Examinations Under Oath