Utility Regulation in Texas, PRP 14
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Due to greater consumer demands and the rising cost of capital, utility industries in Texas have been forced to seek rate increases to improve and expand needed facilities. In some cases requests for rate adjustments have led to public controversies and court battles that have greatly prolonged the rate-making process. In others, regulatory bodies have seemingly yielded to the utility companies without an adequate study of their requests. Both the need for prompt attention to rate increases and the desire to protect the consuming public led to an examination of utility regulation in Texas. Conducted within the framework of an LBJ School Policy Research Project during the academic year 1974-75, this study seeks to explore the issues raised by all parties at interest and to recommend courses of action that affect the immediate and long-range future of the utility industry.