Two (2) or more public electric systems serving adjacent current geographic territories may enter into an agreement by which their current geographic territories are modified and by which equipment, facilities, and the right to serve specified parcels of land are transferred from one (1) public electric system to another. In negotiating and executing such an agreement, the general assembly hereby expresses its intent that public electric systems replace competition with the monopoly public service.
Tenn. Code Ann. § 65-34-108
Agreements among public electric systems — Legislative intent
Applied in 1 court decision — leading case McCarthy v. Middle Tennessee Electric Membership Corp. (2006)
Most recently applied in McCarthy v. Middle Tennessee Electric Membership Corp. (October 2006)
Acts 1989, ch. 230, § 8.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.