Any city or district is authorized to enter into contracts or compacts with any operating agency or a publicly or privately owned public utility for the purchase and sale of electric energy or falling waters: PROVIDED, That no city or district may enter into a contract or compact with an operating agency to purchase electric energy, or to purchase or participate in a portion of an electrical generating project, that commits the city or district to pay an amount in excess of an express dollar amount or in excess of an express rate per unit of electrical energy received.
RCW 43.52.410
Authority of city or district to contract for electric energy or falling waters.
Applied in 3 court decisions — leading case 102 Wash. 2d 874 - Chemical Bank v. Washington Public Power Supply System (1984)
Most recently applied in 102 Wash. 2d 874 - Chemical Bank v. Washington Public Power Supply System (November 1984)
1983 c 308 s 1; 1977 ex.s. c 184 s 9; 1965 c 8 s 43.52.410
Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.