Texas § 104.060 CONSIDERATION OF COMPENSATION AND BENEFIT EXPENSES.

Texas Statutes

§ 104.060 — CONSIDERATION OF COMPENSATION AND BENEFIT EXPENSES.

Texas § 104.060

Code UTUtilities Code

This text of Texas § 104.060 (CONSIDERATION OF COMPENSATION AND BENEFIT EXPENSES.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Utilities Code Code Ann. § 104.060 (2026).

Text

Sec. 104.060. CONSIDERATION OF COMPENSATION AND BENEFIT EXPENSES.

(a)In this section, "employee compensation and benefits" includes base salaries, wages, incentive compensation, and benefits. The term does not include:

(1)pension or other postemployment benefits; and

(2)incentive compensation related to attaining financial metrics for an executive officer whose compensation is required to be disclosed under 17 C.F.R. Section 229.402(a).

(b)When establishing a gas utility's rates, the regulatory authority shall presume that employee compensation and benefits expenses are reasonable and necessary if the expenses are consistent with market compensation studies issued not earlier than three years before the initiation of the proceeding to establish the rates. SUBCHAPTER C. RATE CHANGES PRO

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Sec. 104.060. CONSIDERATION OF COMPENSATION AND BENEFIT EXPENSES. (a) In this section, "employee compensation and benefits" includes base salaries, wages, incentive compensation, and benefits. The term does not include:
(1) pension or other postemployment benefits; and
(2) incentive compensation related to attaining financial metrics for an executive officer whose compensation is required to be disclosed under 17 C.F.R. Section 229.402(a).
(b) When establishing a gas utility's rates, the regulatory authority shall presume that employee compensation and benefits expenses are reasonable and necessary if the expenses are consistent with market compensation studies issued not earlier than three years before the initiation of the proceeding to establish the rates.
SUBCHAPTER C. RATE CHANGES PROPOSED BY UTILITY