Provides incumbent electric transmission owners a right of first refusal for certain electric transmission lines.
Grants incumbent electric transmission owners the first right to construct, upgrade, own, and maintain electric transmission lines approved for construction by the regional transmission organization. Incumbent owners must obtain a certificate of convenience and necessity or file an application within a specified timeframe. If the owner does not exercise this right, other entities may construct the line if they receive necessary authorizations. The incumbent owner can assign their rights, subject to state law. The right remains unaffected by municipally owned utilities.
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