Texas Utilities Code
§ 163.060 — POWERS
UT § 163.060Title 4. DELIVERY OF UTILITY SERVICES · Part A. UTILITY CORPORATIONS AND OTHER PROVIDERS · Ch. 163. JOINT POWERS AGENCIES · Art. C. MUNICIPAL POWER AGENCIES
Statute text
View on source(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:
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Legislative history
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.