Sec. 36.001.  AUTHORIZATION TO ESTABLISH AND REGULATE RATES.  (a)  The regulatory authority may establish and regulate rates of an electric utility and may adopt rules for determining:
(1)  the classification of customers and services;  and
(2)  the applicability of rates.
(b)  A rule or order of the regulatory authority may not conflict with a ruling of a federal regulatory body.
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.