(a) An electric utility may put a changed rate into effect throughout the area in which the utility sought to change its rates, including an area over which the commission is exercising appellate or original jurisdiction, by filing a bond with the commission if:
(1) the 150-day suspension period has been extended under § 36.108(b); and
(2) the commission fails to make a final determination before the 151st day after the date the rate change would otherwise be effective.
(b) The bonded rate may not exceed the proposed rate.

Terms Used In Texas Utilities Code 36.110

  • Appellate: About appeals; an appellate court has the power to review the judgement of another lower court or tribunal.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.

(c) The bond must be:
(1) payable to the commission in an amount, in a form, and with a surety approved by the commission; and
(2) conditioned on refund.
(d) The electric utility shall refund or credit against future bills:
(1) money collected under the bonded rates in excess of the rate finally ordered; and
(2) interest on that money, at the current interest rate as determined by the commission.

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