Sec. 53.053. COMPONENTS OF INVESTED CAPITAL. (a) Public utility rates shall be based on the original cost, less depreciation, of property used by and useful to the utility in providing service.
(b) The original cost of property shall be determined at the time the property is dedicated to public use, whether by the utility that is the present owner or by a predecessor.
(c) In this section, "original cost" means the actual money cost or the actual money value of consideration paid other than money.
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 2 - Public Utility Regulatory Act
Subtitle C - Telecommunications Utilities
Subchapter B. Computation of Rates
Section 53.051. Establishing Overall Revenues
Section 53.052. Establishing Reasonable Return
Section 53.053. Components of Invested Capital
Section 53.054. Construction Work in Progress
Section 53.055. Separations and Allocations
Section 53.056. Depreciation, Amortization, and Depletion
Section 53.057. Net Income; Determination of Revenues and Expenses
Section 53.058. Consideration of Payment to Affiliate
Section 53.059. Treatment of Certain Tax Benefits
Section 53.060. Computation of Income Tax; Consolidated Return
Section 53.061. Allowance of Certain Expenses
Section 53.062. Consideration of Certain Expenses
Section 53.063. Consideration of Profit or Loss From Sale or Lease of Merchandise
Section 53.064. Self-Insurance
Section 53.065. Interexchange Services; Rates of Incumbent Local Exchange Company