The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
(Cite as: 30 V.S.A. § 4003)
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§ 4003. Implementing powers
Without limiting the general scope and application of section 4002 of this chapter,
each participating utility shall have the right and power:
(1) To use its means and assets for the purposes of exercising the authority granted by
section 4002 of this chapter, including, as to municipal electric utilities, the right
and power to pledge the credit of the municipality.
(2) To issue bonds and other securities to raise funds for those purposes in the same
way and to the same extent and subject to all of the conditions that would apply if
the utility’s interest in such agreements, actions, and contracts were whole and entire.
(3) To acquire, for the use and benefit of all participating utilities, by purchase or
through the exercise of the power of eminent domain, lands, easements, and properties
for the purpose of jointly owned electric facilities, and transfer or convey lands,
easements, and properties or interests, or otherwise to cause those lands, easements,
and properties, or interests, to be vested in other participating utilities to the
extent and in the manner agreed between the participating utilities. In all cases
in which a participating utility exercises the right and power of eminent domain conferred
by statute, it shall be controlled by the law governing condemnation by corporate
public utilities in this State, and the right and power of eminent domain conferred
shall include the right and power to take fee title in land so condemned, except that
no participating utility has the right or power to take by the exercise of the power
of eminent domain any electric facilities, or interests, belonging to any other municipal
electric utility, electric cooperative, or private utility, except as provided by
chapter 79 of this title.
(4) To form a public service corporation with one or more other utilities and to hold
stock and operate the same as a public utility as a means of carrying out the purposes
of this chapter. However, the formation of any such public service corporation and
its operation shall be subject to the requirements of this title governing the formation
and operation of public service corporations. (Added 1977, No. 97; amended 2023, No. 85 (Adj. Sess.), § 446, eff. July 1, 2024.)