(a) As used in this section, 'electric utility' means an electric utility that: (1) Is not a municipally owned utility system;(2) Is under the jurisdiction of the Arkansas Public Service Commission;(3) Primarily transmits electricity and does not generate or distribute electricity; and(4) Has not been directed or designated to construct an electric transmission facility by a regional transmission organization.(b) If an electric utility acquires land from a private property owner through eminent domain for purposes of a transmission line, then the electric utility shall compensate the private property owner at three (3) times the market value of the property taken by eminent domain.Added by Act 2015, No. 1002,§ 3, eff. 4/2/2015.
Arkansas Legal Code