(a) If the commission, on its own motion or on complaint by an affected person, after reasonable notice and hearing, finds that the existing rates of a public utility for a service are unreasonable or in violation of law, the commission shall:
- (1) enter an order establishing the just and reasonable rates to be observed thereafter, including maximum or minimum rates; and
- (2) serve a copy of the order on the utility.
- (b) The rates established under Subsection (a) constitute the legal rates of the public utility until changed as provided by this title.
- (c) This section does not apply to a company electing under Chapter 58 or Chapter 59 except as otherwise provided by those chapters.
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.