Section 104.109 - Bonded Rates(a) A gas utility may put a changed rate into effect by filing a bond with the regulatory authority if the regulatory authority fails to make a final determination within 90 days from the date the proposed increase would otherwise be effective.(b) The bonded rate may not exceed the proposed rate.(c) The bond must be:(1) payable to the regulatory authority in an amount, in a form, and with a surety approved by the regulatory authority; and(2) conditioned on refund.(d) The gas utility shall refund or credit against future bills:(1) money collected under the bonded rates in excess of the rate finally ordered; and(2) interest on that money, at the current interest rate as determined by the regulatory authority.Tex. Util. Code § 104.109
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.