TITLE: Relating to timing and frequency with which a public utility may file for a rate change application.

SUMMARY: Relating to timing and frequency with which a public utility may file for a rate change application.

FULL TEXT:
AN ACT relating to timing and frequency with which a public utility may file for a rate change application. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. 13.187, Water Code, is amended as follows: (p) Except to implement a rate adjustment provision approved by the regulatory authority by rule or ordinance, as applicable, or to adjust the rates of a newly acquired utility system, a utility or two or more utilities under common control and ownership may not file a statement of intent to increase its rates for the same customer more than once in a 12-month period, unless the regulatory authority determines that a financial hardship exists. If the regulatory authority requires the utility to deliver a corrected statement of intent, the utility is not considered to be in violation of the 12-month filing requirement. SECTION 2. This Act takes effect September 1, 2013.