Texas Statutes
§ 35.035 — VALUATION AND ACCOUNTING OF TRANSFERRED ASSETS.
Texas § 35.035
JurisdictionTexas
Code UTUtilities Code
This text of Texas § 35.035 (VALUATION AND ACCOUNTING OF TRANSFERRED ASSETS.) 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. § 35.035 (2026).
Text
Sec. 35.035. VALUATION AND ACCOUNTING OF TRANSFERRED ASSETS.
(a)A transfer of assets from an electric utility to an affiliated exempt wholesale generator or power marketer shall be valued at the greater of net book cost or fair market value.
(b)A transfer of assets from an exempt wholesale generator or power marketer to an affiliated electric utility shall be valued at the lesser of net book cost or fair market value.
(c)At the time that a transfer of assets between an electric utility and an affiliated exempt wholesale generator or power marketer is approved, the commission shall order the utility to adjust its rates so that the utility's tariffs reflect benefits from the proceeds of the sale and exclude any costs associated with the transferred facility.
(d)For purposes of this secti
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Legislative History
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 1999, 76th Leg., ch. 405, Sec. 21, eff. Sept. 1, 1999.
Nearby Sections
15
§ 35.001
DEFINITION.§ 35.002
RIGHT TO COMPETE AT WHOLESALE.§ 35.0021
WEATHER EMERGENCY PREPAREDNESS.§ 35.0022
SERVICE INTERRUPTION NOTIFICATIONS.§ 35.007
TARIFFS REQUIRED.§ 35.008
ALTERNATIVE DISPUTE RESOLUTION.§ 35.031
AUTHORITY TO OPERATE.§ 35.033
AFFILIATE WHOLESALE PROVIDER.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 35.035, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/UT/35.035.