A public utility may not purchase voting stock in another public utility doing business in this state unless the utility reports the purchase to the commission.
Official text of the Texas Utilities Code as published by the Texas Legislative Council.
Utilities Code › Title 2 › Chapter 14 › Subchapter C
Texas Utilities Code § 14.102
Report of Purchase of Voting Stock in Public Utility
Jurisdiction and Powers of Commission and Other Regulatory Authorities · Restrictions on Certain Transactions
Legislative history
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.