CITY OF CORPUS CHRISTI, et al., Appellants,
v.
PUBLIC UTILITY COMMISSION OF TEXAS, et al., Appellees.
Power Choice, Inc., Appellant,
v.
Public Utility Commission of Texas and Central Power and Light Company, Appellees.
Supreme Court of Texas.https://leagle.com/images/logo.png
Argued November 29, 2000.
Decided June 6, 2001.
Rehearing Overruled August 30, 2001.
Attorney(s) appearing for the Case
Steven A. Porter, Lloyd Gosselink Blevins Rochelle Baldwin & Townsend, Austin, for Appellant in No. 00-0816.
Thomas K. Anson, Sheinfeld Maley & Kay, P.M. Schenkkan, Robin A. Melvin, Graves Dougherty Hearon & Moody, Davison W. Grant, Broyles & Pratt, Larry W. Brewer, James K. Rourke, Suzi Ray McClellan, Office of Public Utility Counsel, Steven Baron, Office of Attorney General of Texas, Austin, Jonathan Day, Mayor Day Caldwell & Keeton, Houston, Lino Mendiola, Mayor Day Caldwell & Keeton, James G. Boyle, Law Office of Jim Boyle, Austin, for Appellee in No. 00-0816.
Stephen D. Susman, H. Lee Godfrey, Charles R. Eskridge, Susman Godfrey, Houston, Robert A. Webb, Austin, for Appellant in No. 00-0821.
James K. Rourke, Steven A. Porter, Lloyd Gosselink Blevins Rochelle Baldwin & Townsen, Lino Mendiola, Jonathan Day, Mayor Day Caldwell & Keeton, Houston, James G. Boyle, Law Office of Jim Boyle, Davison W. Grant, Broyles & Pratt, Larry W. Brewer, Robin A. Melvin, Graves Dougherty Hearon & Moody, Steven Baron, Office of Attorney General of Texas, P.M. Schenkkan, Graves Dougherty Hearon & Moody, Austin, Hugh Rice Kelly, Houston Lighting & Power Company, Houston, Thomas K. Anson, Sheinfeld Maley & Kay, Ron H. Moss, Graves Dougherty Hearon & Moody, Austin, Irving Jacob Golub, Baker & Botts, Houston, Robert J. Hearon, Jr., Graves Dougherty Hearon & Moody, Roy Q. Minton, Minton Burton Foster & Collins, Austin, Robert M. Fillmore, Worsham Forsythe Wooldridge, Dallas, Mary A. Keeney, Graves Dougherty Hearon & Moody, Austin, for Appellee in No. 00-0821.
Supreme Court of Texas.
PER CURIAM.
In 1999, the Legislature substantially revised the Public Utility Regulatory Act (PURA) to bring about a major restructuring of the electric power industry in Texas to allow retail electric rates to be determined by competition. As part of that restructuring, the PURA permits existing utilities to recover "regulatory assets" and "stranded costs" through securitization financing. Securitization is accomplished through a financing order issued by the Public...
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