Texas Business and Commerce Code 115.005 – Disclosures for Power Purchase Agreements
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Terms Used In Texas Business and Commerce Code 115.005
- in writing: includes any representation of words, letters, or figures, whether by writing, printing, or other means. See Texas Government Code 312.011
- Property: means real and personal property. See Texas Government Code 311.005
A residential or small commercial customer who enters into a power purchase agreement is entitled to receive in writing:
(1) the disclosures required under Sections 115.003(1), (2), (5), and (6);
(2) the term and rate of the power purchase agreement, including any payment escalators or other terms that affect the customer’s payments; and
(3) whether the power purchase agreement and any applicable warranty or maintenance agreement is transferable to a subsequent purchaser of the property where the distributed renewable generation resource is installed.