Texas Utilities Code 36.155 – Interim Order Establishing Temporary Rates
(a) At any time after an initial complaint is filed under § 36.151, the regulatory authority may issue an interim order establishing temporary rates for the electric utility to be in effect until a final determination is made.
(b) On issuance of a final order, the regulatory authority:
(1) may require the electric utility to refund to customers or to credit against future bills:
(A) money collected under the temporary rates in excess of the rate finally ordered; and
(B) interest on that money, at the current interest rate as determined by the commission; or
(2) shall authorize the electric utility to surcharge bills to recover:
(A) the amount by which the money collected under the temporary rates is less than the money that would have been collected under the rate finally ordered; and
(B) interest on that amount, at the current interest rate as determined by the commission.
Terms Used In Texas Utilities Code 36.155
- Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
- 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