(a) When a person or corporation is ready to proceed with the construction of his or her or its dam, he or she or it shall present to the Arkansas Public Service Commission his or her or its application for a permit to use the power.
(b) Upon a hearing of the application, the commission may grant to the person or corporation a permit to erect the dam and use the power, and the commission shall fix a minimum and maximum compensation per horsepower to be received by the corporation for the use of the power so generated.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 1 - Public Utilities And Carriers
Chapter 18 - Light, Heat, And Power Utilities
Subchapter 4 - Waterpower Companies
§ 23-18-401. Waterpower a part of public domain
§ 23-18-402. Erection of dams to develop electric power
§ 23-18-403. Application for permit to use power — Compensation
§ 23-18-404. Limitation on time to begin work — Time allowed to coincide with federal licenses
§ 23-18-405. Damages for land taken — Assessment by court
§ 23-18-406. Eminent domain generally
§ 23-18-407. Eminent domain — Railroad in connection with use or construction of dam
§ 23-18-408. Power for public use — Sale to private parties
§ 23-18-409. Terms and conditions for use of power — Rental — Exception
§ 23-18-410. Tax on power used exclusively for taker's purposes