Tex. Util. Code § 39.305
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
The interest of an assignee or pledgee in transition property and in the revenues and collections arising from that property are not subject to setoff, counterclaim, surcharge, or defense by the electric utility or any other person or in connection with the bankruptcy of the electric utility or any other entity. A financing order shall remain in effect and unabated notwithstanding the bankruptcy of the electric utility, its successors, or assignees.
Tex. Util. Code § 39.305