Sec. 36.057. NET INCOME; DETERMINATION OF REVENUES AND EXPENSES. (a) An electric utility's net income is the total revenues of the utility less all reasonable and necessary expenses as determined by the regulatory authority.
(b) The regulatory authority shall determine revenues and expenses in a manner consistent with this subchapter.
(c) The regulatory authority may adopt reasonable rules with respect to whether an expense is allowed for ratemaking purposes.
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 2 - Public Utility Regulatory Act
Subtitle B - Electric Utilities
Subchapter B. Computation of Rates
Section 36.051. Establishing Overall Revenues
Section 36.052. Establishing Reasonable Return
Section 36.053. Components of Invested Capital
Section 36.054. Construction Work in Progress
Section 36.055. Separations and Allocations
Section 36.056. Depreciation, Amortization, and Depletion
Section 36.057. Net Income; Determination of Revenues and Expenses
Section 36.058. Consideration of Payment to Affiliate
Section 36.059. Treatment of Certain Tax Benefits
Section 36.060. Consolidated Income Tax Returns
Section 36.061. Allowance of Certain Expenses
Section 36.062. Consideration of Certain Expenses
Section 36.063. Consideration of Profit or Loss From Sale or Lease of Merchandise
Section 36.064. Self-Insurance
Section 36.065. Pension and Other Postemployment Benefits
Section 36.066. Costs Related to Reporting on Safety Processes and Inspections for Certain Utilities