Texas Utilities Code 163.011 – Effect of Subchapter
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Terms Used In Texas Utilities Code 163.011
- Contract: A legal written agreement that becomes binding when signed.
This subchapter does not affect:
(1) the statutory purposes prescribed by state law relating to creating, establishing, or operating an entity that co-owns a facility;
(2) an entity’s rights or powers in effect on August 27, 1973, relating to the generation, transmission, distribution, or sale of electric power and energy; or
(3) a contract in effect on August 27, 1973.