Sec. 39.657. TRUE-UP. An order shall include a mechanism requiring that uplift charges be reviewed and adjusted at least annually, not later than the 45th day after the anniversary date of the issuance of the debt obligations, to:
(1) correct over-collections or under-collections over the preceding 12 months; and
(2) ensure the expected recovery of amounts sufficient to timely provide all payments of debt service and other required amounts and charges in connection with the debt obligations.
Added by Acts 2021, 87th Leg., R.S., Ch. 908 (H.B. 4492), Sec. 5, eff. June 16, 2021.
Structure Texas Statutes
Title 2 - Public Utility Regulatory Act
Subtitle B - Electric Utilities
Chapter 39 - Restructuring of Electric Utility Industry
Subchapter N. Winter Storm Uri Uplift Financing
Section 39.651. Purpose; Use of Proceeds
Section 39.653. Debt Obligation Order
Section 39.654. Commission-Authorized Financing
Section 39.655. Other Financial Mechanism
Section 39.656. Uplift Charges Nonbypassable
Section 39.660. Customer Charges
Section 39.662. Property Rights
Section 39.663. Pledge of State
Section 39.664. Legal Actions Involving Pricing or Uplift Actions