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Relating to creating the Texas Hydro-Electric Regulatory Commission for the regulation and control of services rendered by hydro-electric projects situated on navigable rivers of this State and owned or operated by any district or authority or other State agency (herein called "districts") receiving from the State a grant of State ad valorem taxes collected upon property and from persons certain designated counties or political subdivisions; requiring rates and charges for electric power and services rendered by districts to be reasonable non-discriminatory and just to the customers; empowering the commission to regulate and fix rates and compensation to be charged by districts and to prescribe rules and regulations; prescribing the powers and duties of the commission and the duties and rights of the parties with reference to the making of power sale contracts and the fixing of rates, charges and compensation under existing contracts; providing for appeal from action of the commission; enacting other provisions relating to the subject.