TITLE III TOWNS, CITIES, VILLAGE DISTRICTS, AND UNINCORPORATED PLACES
CHAPTER 38 MUNICIPAL ELECTRIC, GAS, OR WATER SYSTEMS
Additional Provisions for Electric Systems
Section 38:33
38:33 Consequential Damages. –
In matters over which the Federal Energy Regulatory Commission does not have jurisdiction, or has jurisdiction but chooses to grant jurisdiction to the state, the commission shall determine, to a just and reasonable extent, the consequential damages such as stranded investment in generation, storage, or supply arrangements resulting from the purchase of plant and property from a utility and shall establish an appropriate recovery mechanism for such damages. The commission need not make such a determination when the municipality and utility agree upon the sale of utility plant and property.
Source. 1997, 206:1, eff. July 1, 1997. 2000, 164:3, eff. May 23, 2000.