Sec. 39.664. LEGAL ACTIONS INVOLVING PRICING OR UPLIFT ACTIONS. A load-serving entity that receives proceeds from the financing under this subchapter shall return an amount of the proceeds equal to any amount of money received by the entity due to litigation seeking judicial review of pricing or uplift actions taken by the commission or the independent organization in connection with the period of emergency.
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