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Texas Utilities Code - Section 163.060. Powers

Legal Research Home > Texas Lawyer > Utilities Code > Texas Utilities Code - Section 163.060. Powers

§ 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, § 1, eff. Sept. 1, 1997.                    

Last modified: August 10, 2007