A corporation organized under the general laws of this state that owns or operates with electric power any street or suburban railway or belt line of railways in and near a municipality for the transportation of freight and passengers within this state may:

1. (1) supply and sell electric light and power to the public or a municipality;
2. (2) acquire or otherwise provide appliances necessary for an activity authorized by Subdivision (1); and
3. (3) in the manner provided by law, amend its articles of incorporation to expressly include the authority under this section.

Added by Acts 2009, 81st Leg., R.S., Ch. 85 (S.B. 1540), Sec. 2.03, eff. April 1, 2011.