Sec. 39.259. ANNUAL REPORT: DETERMINATION OF INVESTED CAPITAL. (a) For the purposes of determining invested capital in each annual report, the net plant in service, regulatory assets, and deferred federal income taxes shall be updated each year, and generation-related invested capital shall be reduced by the amount of securitization under Sections 39.201(i) and 39.262(c) to the extent otherwise included in invested capital.
(b) Capital additions to a plant in an amount less than 1-1/2 percent of the electric utility's net plant in service on December 31, 1998, less plant items previously excluded by the commission, for each of the years 1999 through 2001 are presumed prudent.
(c) All other items in invested capital shall be as approved in the electric utility's last rate proceeding before the commission.
Added by Acts 1999, 76th Leg., ch. 405, Sec. 39, eff. Sept. 1, 1999.
Structure Texas Statutes
Title 2 - Public Utility Regulatory Act
Subtitle B - Electric Utilities
Chapter 39 - Restructuring of Electric Utility Industry
Subchapter F. Recovery of Stranded Costs Through Competition Transition Charge
Section 39.252. Right to Recover Stranded Costs
Section 39.253. Allocation of Stranded Costs
Section 39.254. Use of Revenues for Utilities With Stranded Costs
Section 39.255. Use of Revenues for Utilities With No Stranded Costs
Section 39.256. Option to Redirect Depreciation
Section 39.258. Annual Report: Determination of Annual Costs
Section 39.259. Annual Report: Determination of Invested Capital
Section 39.260. Use of Generally Accepted Accounting Principles
Section 39.261. Review of Annual Report
Section 39.262. True-Up Proceeding
Section 39.263. Stranded Cost Recovery of Environmental Cleanup Costs
Section 39.264. Emissions Reductions of "Grandfathered Facilities"