Texas Utilities Code 14.202 – Management Audits by Commission
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(a) The commission shall:
(1) inquire into the management of the business of each public utility under its jurisdiction;
(2) keep itself informed as to the manner and method in which the utility’s business is managed; and
(3) obtain from the public utility any information necessary to enable the commission to perform a management audit.
(b) The commission may audit a utility under its jurisdiction as frequently as needed. Six months after an audit, the utility shall report to the commission on the status of the implementation of the recommendations of the audit and shall file subsequent reports at times the commission considers appropriate.
Terms Used In Texas Utilities Code 14.202
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.