§ 39-20-3. Powers of domestic electric utilities.
Notwithstanding any contrary provisions of any general or special law relating to
the powers and authorities of domestic electric utilities or any limitation imposed
by their charters (which are hereby amended), but subject to the provisions of this
title and this chapter, a domestic electric utility shall have the following additional
powers:
(1) Jointly or separately to plan, finance, construct, purchase, operate, maintain, use,
share costs of, own, mortgage, lease, sell, provide services for, dispose of, or otherwise
participate in electric-generating facilities, or portions thereof, within or without
the state, or the product or service therefrom, or securities issued in connection
with the financing of electric-generating facilities or portions thereof;
(2) To enter into and perform contracts for joint or separate planning, financing, construction,
purchase, operation, maintenance, use, sharing costs of, ownership, mortgaging, leasing,
sale, providing services for, disposal of, or other participation in electric-generating
facilities, or portions thereof, within or without the state, or the product or service
therefrom, or securities issued in connection with the financing of electric-generating
facilities or portions thereof, including, without limitation, contracts for the payment
of obligations imposed without regard to the operational status of a facility or facilities
and contracts with domestic or foreign electric utilities for the sale or purchase
of electricity from an electric-generating facility or facilities for long or short
periods of time or for the life of a specific electric-generating unit or units; and
(3) To enter into and perform contracts for the transmission both within or without the
state of the capacity and related energy from a specifically identified electric-generating
facility, wherever located, to its own retail service territory, or to any purchaser
of such capacity and related energy; provided, however, that nothing in this section
shall be construed to authorize a domestic electric utility to sell electricity at
wholesale or retail within or without this state unless:
(i) The sale is authorized under its charter or the general or special laws of this state
other than this chapter; or
(ii) The sale constitutes a sale of capacity and related energy from a specifically identified
electric-generating facility or a sale of economy, backup, and other energy therefrom.