An Act To Provide Just Compensation In Cases Of Taking By Eminent Domain By Transmission And Distribution Utilities

This bill changes how utilities compensate property owners when they take land for transmission lines over 5,000 volts using eminent domain. It requires utilities to set aside 1% of revenue from the line's construction, rebuilding, or relocation each year. This amount is paid annually over 20 years to affected property owners, with payments based on the number of acres taken from each owner. The bill directly affects landowners whose property is used for utility infrastructure and replaces previous compensation rules.