Texas Utilities Code 52.253 – Accounts of Profits and Losses
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Terms Used In Texas Utilities Code 52.253
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
A public utility shall keep separate accounts showing profits or losses from the sale or lease of merchandise, including an appliance, a fixture, or equipment.