Amends TCA Title 4 and Title 54.
Tennessee SB1792 requires the commissioner of transportation to establish rules for reimbursing utility relocation costs, mandating a minimum reimbursement of $2.5 million for projects where such costs exceed that amount. The bill affects utility companies and their ratepayers by ensuring that relocation plans are approved if they minimize costs to ratepayers. Key provisions include the establishment of reimbursement rules and the requirement for the department to approve cost-effective utility relocation plans within highway rights-of-way.
Tennessee SB1792 requires the commissioner of transportation to establish rules for reimbursing utility relocation costs, mandating a minimum reimbursement of $2.5 million for projects where such costs exceed that amount. The bill affects utility companies and their ratepayers by ensuring that relocation plans are approved if they minimize costs to ratepayers. Key provisions include the establishment of reimbursement rules and the requirement for the department to approve cost-effective utility relocation plans within highway rights-of-way.
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