CONTRACT FOR NATURAL GAS

Sec. 123.023. CONTRACT FOR NATURAL GAS. (a) A supplier and an agriculture energy user may by contract establish a price and other terms of service for the furnishing of natural gas. (b) A contract under this section must be negotiated in good faith and the result of arm's-length bargaining between the parties. (c) Each party shall provide information and maintain records as reasonably necessary for the contract. (d) A price charged to an agriculture energy user under the contract may not exceed the price charged to a majority of the supplier's commercial users or other similar large-volume users. Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.