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A BILL TO BE ENTITLED
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AN ACT
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relating to timing and frequency with which a public utility may |
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file for a rate change application. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. 13.187, Water Code, is amended as follows: |
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(p) Except to implement a rate adjustment provision |
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approved by the regulatory authority |
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by rule or ordinance, as |
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applicable, or to adjust the rates of a newly acquired utility |
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system, a utility or two or more utilities under common control and |
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ownership may not file a statement of intent to increase its rates |
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for the same customer more than once in a 12-month period, unless |
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the regulatory authority determines that a financial hardship |
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exists. If the regulatory authority requires the utility to |
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deliver a corrected statement of intent, the utility is not |
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considered to be in violation of the 12-month filing requirement. |
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SECTION 2. This Act takes effect September 1, 2013. |