Energy Cos. Not Entitled To Lost Revenue: Texas Court

Law360, New York (November 10, 2011, 4:07 PM ET) -- A Texas appeals court on Thursday ruled that the state's Public Utility Commission is not required to compensate electric companies for revenues lost as a result of implementing energy-saving procedures.

A three-judge panel shot down a challenge brought by CenterPoint Energy Houston Electric LLC to the commission's rule that allows companies to recover expenditures used in complying with updated energy-efficiency standards.

CenterPoint had argued that because the rule does not include lost revenues as expenditures, it does not comply with a state statute that requires compensation...
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