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.
Official text of the Texas Utilities Code as published by the Texas Legislative Council.