(a) This section applies only to a municipally owned utility or electric cooperative that has wholesale transmission rates established by the commission.
(b) Costs incurred by a municipally owned utility or electric cooperative to comply with Section 38.102 shall be recorded as a regulatory asset for timely recovery in wholesale transmission rates established by the commission.
(c) The commission may adopt rules relating to the recording of regulatory assets under this section.
Official text of the Texas Utilities Code as published by the Texas Legislative Council.