§ 163.060 — POWERS.

Texas § 163.060

• Jurisdiction: Texas
• Code UT: Utilities Code

Text

Sec. 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.

Legislative History

Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.