Sec. 163.012.  AUTHORITY TO MAKE AGREEMENTS.  Public and private entities may by agreement jointly plan, finance, acquire, construct, own, operate, and maintain electric facilities to:
(1)  achieve economies of scale in providing electric energy to the public;
(2)  promote the economic development of this state and its natural resources;  and
(3)  meet the state's future power needs.
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.