(1) No provision of KRS 367.175 shall be construed to make illegal the activities of any person or organization, including but not limited to any labor organization, agricultural or horticultural cooperative organization, or consumer organization, or of individual members thereof which are legitimate under the laws of this Commonwealth or the United States, or of any utility as defined in KRS 278.010(3).
(2) KRS 367.175 shall not apply to activities authorized or approved under any federal or state statute or regulation.