Honorable John Carona, Chair, Senate Committee on Business & Commerce
FROM:
John S O'Brien, Director, Legislative Budget Board
IN RE:
SB1309 by Hinojosa (Relating to rate adjustments by gas utilities.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
The bill would authorize the Railroad Commission or a municipal regulatory authority to approve gas utility service rate adjustments based on changes in a gas utility’s revenues, expenses, or investments. The bill would also provide that the Railroad Commission shall presume reasonable any tariff or rate schedule to which a gas utility and a municipality agree.
Passage of the bill is not expected to result in any signficant costs to the Railroad Commission.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.