Texas Utilities Code 123.023 – Contract for Natural Gas
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(a) A supplier and an agriculture energy user may by contract establish a price and other terms of service for the furnishing of natural gas.
(b) A contract under this section must be negotiated in good faith and the result of arm’s-length bargaining between the parties.
Terms Used In Texas Utilities Code 123.023
- Contract: A legal written agreement that becomes binding when signed.
(c) Each party shall provide information and maintain records as reasonably necessary for the contract.
(d) A price charged to an agriculture energy user under the contract may not exceed the price charged to a majority of the supplier’s commercial users or other similar large-volume users.