Texas Court OKs Utility's Rate Adjustment Clause

Law360, New York (October 28, 2011, 7:49 PM EDT) -- A Texas appeals court on Thursday reversed a lower court's determination that the Railroad Commission of Texas had exceeded its authority by allowing an automatic cost-of-service-adjustment clause to gas utility CenterPoint Energy Resources Corp.'s rate schedule.

Texas' Third Court of Appeals rejected the arguments offered by the Texas Coast Utilities Coalition — a group of municipalities objecting to proposed CenterPoint rate increases — that the clause was inconsistent with the rate-making provisions of the state's Gas Utility Regulatory Act, which delegates regulatory authority to both the...
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