Sec. 39.463. SEVERABILITY. Effective on the date the first utility transition bonds associated with hurricane reconstruction costs are issued under this subchapter, if any provision in this title or portion of this title is held to be invalid or is invalidated, superseded, replaced, repealed, or expires for any reason, that occurrence does not affect the validity or continuation of this subchapter, Subchapter G as it applies to an electric utility subject to this subchapter, or any part of those provisions, or any other provision of this title that is relevant to the issuance, administration, payment, retirement, or refunding of transition bonds or to any actions of the electric utility, its successors, an assignee, a collection agent, or a financing party, and those provisions shall remain in full force and effect.
Added by Acts 2006, 79th Leg., 3rd C.S., Ch. 11 (H.B. 163), Sec. 2, eff. May 31, 2006.
Structure Texas Statutes
Title 2 - Public Utility Regulatory Act
Subtitle B - Electric Utilities
Chapter 39 - Restructuring of Electric Utility Industry
Subchapter J. Transition to Competition in Certain
Section 39.452. Regulation of Utility and Transition to Competition
Section 39.4525. Hiring Assistance for Federal Proceedings
Section 39.453. Customer Choice and Relevant Market and Related Matters
Section 39.454. Recoupment of Transition to Competition Costs
Section 39.455. Recovery of Incremental Capacity Costs
Section 39.456. Franchise Agreements
Section 39.457. Contractual Rights
Section 39.458. Recovery and Securitization of Hurricane Reconstruction Costs; Purpose
Section 39.459. Hurricane Reconstruction Costs
Section 39.460. Standards and Procedures Governing Securitization of Hurricane Reconstruction Costs
Section 39.461. Nonbypassable Charges
Section 39.462. Determination of Hurricane Reconstruction Costs