Sec. 39.260. USE OF GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. (a) The definition and identification of invested capital and other terms used in this subchapter and Subchapter G that affect the net book value of generation assets and the treatment of transactions performed under Section 35.035 and other transactions authorized by this title or approved by the regulatory authority that affect the net book value of generation assets during the freeze period shall be treated in accordance with generally accepted accounting principles as modified by regulatory accounting rules generally applicable to utilities.
(b) The principles and criteria described by Subsection (a), including the criteria for applicability of Statement of Financial Accounting Standards No. 71 ("Accounting for the Effects of Certain Types of Regulation"), shall be applied for purposes of this subchapter as they existed on January 1, 1999.
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"