Texas Utilities Code 36.056 – Depreciation, Amortization, and Depletion
Current as of: 2024 | Check for updates
|
Other versions
(a) The commission shall establish proper and adequate rates and methods of depreciation, amortization, or depletion for each class of property of an electric or municipally owned utility.
(b) The rates and methods established under this section and the depreciation account required by § 32.102 shall be used uniformly and consistently throughout rate-setting and appeal proceedings.
Terms Used In Texas Utilities Code 36.056
- Amortization: Paying off a loan by regular installments.
- Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
- Property: means real and personal property. See Texas Government Code 311.005