Bill > HB2383

This bill requires the Tennessee Commissioner of Transportation to establish rules for how utility companies are reimbursed for the costs of relocating their facilities when these relocations are necessary for highway construction projects. Specifically, for projects where relocation costs exceed $2.5 million, the state must reimburse at least that amount, and the Commissioner can authorize higher reimbursements based on various factors like the project's complexity, the impact on the utility and its customers (ratepayers), and any unforeseen challenges. The bill also mandates that the Department of Transportation must approve a utility owner's plan for relocating their facilities if that plan achieves the relocation at the lowest cost to the utility and its ratepayers, and it clarifies the process for utilities to submit their relocation plans and schedules, including provisions for disputes over costs and timelines. A "utility" is broadly defined to include any entity providing services like electricity, water, gas, or telecommunications through various infrastructure.

Transportation and Infrastructure

https://wapp.capitol.tn.gov/apps/Billinfo/Default?BillNumber=HB2383&ga=114