Texas Utilities Code - UTIL § 163.060. Powers

(1) a participating public entity;  or

(2) a private entity that owns jointly with the agency an electric generating facility in this state.

(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:

(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.