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Providing for the regulation of rates, operations, and services provided by public utilities as defined herein; relating to the creation and composition of the Public Utility Commission of Texas; providing for the powers, duties, and respective jurisdiction of such commission, municipalities, and the Railroad Commission of Texas with respect to such regulation; providing procedures for exercising such jurisdiction; prescribing the method of calculating rates and for changing rates; providing for bonds or other financial undertakings pending certain hearings and for refunds in certain cases; requiring certain reports and schedules; providing procedures for handling complaints; providing for hearings and appeals and procedures therefor; providing for appeals to the courts and procedures in the courts; providing for fees for regulation; making certain provisions as to extension of facilities and competition; providing enforcement procedures; providing for civil penalties; making violations of this Act a criminal offense; providing for severability.