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Texas Utilities Code - UTIL § 39.657. True-up

Current as of January 01, 2024 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - Texas Utilities Code - UTIL § 39.657. True-up - last updated January 01, 2024 | https://codes.findlaw.com/tx/utilities-code/util-sect-39-657/

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