Texas High Court Urged To Strike Utility's Rate Hike

Law360, New York (September 10, 2013, 5:17 PM ET) -- A group of municipalities and public agencies told the Texas Supreme Court on Tuesday that the state’s oil and gas regulatory body exceeded its authority by allowing CenterPoint Energy Resources Corp. to include an automatic cost-of-service-adjustment clause to its gas utility rate schedule.

The Texas Coast Utilities Coalition and a separate group of state agencies urged the high court to overturn a lower appeals court’s decision to uphold the clause, saying it is inconsistent with the rate-making provisions of the state's Gas Utility Regulatory Act, which...
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