Texas Natural Resources Code

§ 111.183 — BASIS FOR RATE

NR § 111.183Title 3. OIL AND GAS · Part D. REGULATION OF SPECIFIC BUSINESSES AND OCCUPATIONS · Ch. 111. COMMON CARRIERS, PUBLIC UTILITIES, AND COMMON PURCHASERS · Art. F. RATES

Statute text

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The basis of the rates shall be an amount that will provide a fair return on the aggregate value of the property of a common carrier used and useful in the services performed after providing reasonable allowance for depreciation and other factors and for reasonable operating expenses under honest, efficient, and economical management.

Legislative history

Acts 1977, 65th Leg., p. 2588, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977.