Definition

Tex. Water Code § 152.251, under River Authorities Engaged In Distribution and Sale of Electric Energy.

Tex. Water Code § 152.251

Sec. 152.251. DEFINITION. In this subchapter, "hedging" means buying or selling crude oil, fuel oil, natural gas, or electric energy futures or options, or similar contracts on those commodity futures, as a protection against loss due to price fluctuations. Added by Acts 1999, 76th Leg., ch. 227, Sec. 26, eff. Sept. 1, 1999.