|
Senate Bill 2306 |
Senate Author: Williams |
|
Effective: 6-19-09 |
House Sponsor: Miller, Doug |
Senate Bill 2306 amends provisions of the Water Code relating to rates and methods of depreciation applied to a retired class of property for regulated water utilities. Current law requires the Texas Commission on Environmental Quality to fix proper and adequate rates and methods of depreciation, amortization, or depletion of several classes of property of each utility and to carry a proper and adequate depreciation account. Senate Bill 2306 requires the commission to require the book cost less net salvage of depreciable utility plant retired to be charged in its entirety to the accumulated depreciation account in a manner consistent with accounting treatment of regulated electric and gas utilities in the state.