Tex. Utils. Code Section 163.060
Powers

(a)

An agency may not engage in any utility business other than the generation, transmission, and sale or exchange of electric energy to:

(1)

a participating public entity; or

(2)

a private entity that owns jointly with the agency an electric generating facility in this state.

(b)

The agency may:

(1)

perform any act necessary to the full exercise of the agency’s powers;

(2)

enter into a contract, lease, or agreement with or accept a grant or loan from a:

(A)

department or agency of the United States;

(B)

department, agency, or political subdivision of this state; or

(C)

public or private person;

(3)

sell, lease, convey, or otherwise dispose of any right, interest, or property the agency considers to be unnecessary for the efficient maintenance or operation of its electric facilities;

(4)

use the uniform system of accounts prescribed for utilities and licenses by the Federal Energy Regulatory Commission; and

(5)

adopt rules to govern the operation of the agency and its employees, facilities, and service.
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.

Source: Section 163.060 — Powers, https://statutes.­capitol.­texas.­gov/Docs/UT/htm/UT.­163.­htm#163.­060 (accessed May 18, 2024).

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Accessed:
May 18, 2024

§ 163.060’s source at texas​.gov