SECTION 291.110. Foreclosure and Bankruptcy

(a) A utility that receives notice that all or a portion of the utility's facilities or property used to provide utility service are being posted for foreclosure shall notify the commission in writing of that fact not later than the tenth day after the date on which the utility receives the notice.

(b) A financial institution that forecloses on a utility or on any part of the utility's facilities or property that are used to provide utility service shall provide written notice to the commission before the 30th day preceding the date on which the foreclosure is completed.

(c) Not later than the 48th hour after the hour in which a utility files a bankruptcy petition, the utility shall report this fact to the commission in writing.

Source Note: The provisions of this §291.110 adopted to be effective January 10, 1996, 21 TexReg 114; amended to be effective January 3, 2019, 43 TexReg 8617