Bill Text: MS SB2474 | 2022 | Regular Session | Engrossed
Bill Title: Municipally owned electric utilities; shall have same powers as electric power cooperatives.
Spectrum: Bipartisan Bill
Status: (Failed) 2022-03-01 - Died In Committee [SB2474 Detail]
Download: Mississippi-2022-SB2474-Engrossed.html
MISSISSIPPI LEGISLATURE
2022 Regular Session
To: Energy; Municipalities
By: Senator(s) Bryan, Chism, Suber, Thomas, Whaley, McCaughn, Simmons (13th)
Senate Bill 2474
(As Passed the Senate)
AN ACT TO PROVIDE THAT ANY MUNICIPALLY OWNED UTILITY THAT SERVES ONE-THIRD OF ITS CAPACITY OUTSIDE ITS MUNICIPAL BOUNDARIES SHALL POSSESS THE SAME POWERS AS A CORPORATION FORMED UNDER THE ELECTRIC POWER ASSOCIATION LAW, AND SHALL BE AUTHORIZED TO ENTER INTO INTERLOCAL AGREEMENTS WITH ANY ADJACENT PUBLIC UTILITY; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. The following shall be codified as Section 21-27-79, Mississippi Code of 1972:
21-27-79. Any municipally owned electric utility created under this chapter that serves one-third (1/3) of its capacity outside its municipal boundaries shall possess the same powers as a corporation formed under the Electric Power Association Law, Section 77-5-201 et seq., and shall also be authorized to enter into interlocal agreements with any adjacent public utility.
SECTION 2. This act shall take effect and be in force from and after July 1, 2022, and shall stand repealed on June 30, 2022.
