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