16 Tex. Admin. Code § 8.51 - Organization Report
(a) Each gas and/or
liquids company, other than a master meter operator, operating wholly or
partially within this state, acting either as principal or as agent for
another, and performing operations within the jurisdiction of the Commission,
shall have on file with the Commission an approved organization report (Form
P-5) and financial security as required by Texas Natural Resources Code,
§§
91.103 -
91.1091, and
§
3.1 of this title (relating to
Organization Report; Retention of Records; Notice Requirements).
(b) Each master meter operator, operating
wholly or partially within this state, acting either as principal or as agent
for another, and performing operations within the jurisdiction of the
Commission, shall have on file with the Commission an approved organization
report (Form P-5) as authorized by Texas Utilities Code §
121.201(a)(2),
but is not required to furnish the financial security required by Texas Natural
Resources Code, §
91.109(b)(2)
if the operation of one or more master metered systems is the only business for
which the financial security would otherwise be required.
Notes
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