Public Utility Commission of Texas v. Texas Utilities Electric Co.

This is an appeal from a final order of the Public Utility Commission in a ratemaking proceeding initiated by Texas Utilities. The district court reversed the Commission’s order in certain respects and remanded the case for further proceedings. The court of appeals reversed the district court’s judgment but also remanded the case to the Commission. 881 S.W.2d 387. We find but one error in the court of appeals’ opinion warranting our review.

The Commission refused to reduce Texas Utility’s income tax expenses by potential savings from consolidated tax returns with the Texas Utilities’…