It looks like you can just call your command line utility so that you can create a script that just takes up the location of your .tt file.
param([string] $T4Template) & "C:\Program Files (x86)\Common Files\microsoft shared\TextTemplating\10.0\TextTransform.exe" $T4Template
Save the above as ExecTextTransform.ps1 and then call using your paths. Example:
.\ExecTextTransform.ps1 c:\temp\example.tt
See here for an example of invoking their command line utility.
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