JONES, Justice.
Central Power and Light Company ("CP & L") and Houston Lighting and Power Company ("HL & P") applied to the Public Utility Commission (the "Commission") for deferred-accounting treatment of certain costs associated with a new nuclear power plant in Matagorda County, Texas, known as the South Texas Project. The Commission granted the applications, and the district court upheld the Commission's orders granting the requests. The State of Texas...
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