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Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-18-108. Eminent domain for transmission lines--Market value

Current as of March 28, 2024 | Updated by Findlaw Staff

(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.

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Cite this article: FindLaw.com - Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-18-108. Eminent domain for transmission lines--Market value - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-23-public-utilities-and-regulated-industries/ar-code-sect-23-18-108/

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