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.#

Source Note: The provisions of this §8.51 adopted to be effective November 24, 2004, 29 TexReg 10733#