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Senate approves bill allowing gas utilities to defer certain costs for new infrastructure pending Railroad Commission review
Summary
The Senate concurred in House amendments to House Bill 43 84, allowing gas utilities to defer unrecovered costs for newly placed infrastructure (carrying costs, depreciation, property taxes) as regulatory assets subject to later Railroad Commission review; the amendment sets simple interest rather than compound interest.
AUSTIN, Texas — The Texas Senate on Monday concurred in House amendments to House Bill 43 84, a bill aimed at reducing regulatory lag for gas utilities by allowing them to defer certain unrecovered costs for new infrastructure and recover those costs later after Railroad Commission review.
Senator Birdwell, the bill’s floor mover, told the Senate the legislation addresses delays that can stretch 18 to 20 months between when a utility places infrastructure in service and when the cost can be included in customer rates. "HB 43 84 provides a solution by allowing gas utilities to temporarily…
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