Sec. 9.
The governing body of a municipal electric utility system may purchase, acquire, construct, improve, enlarge, extend, or repair facilities for the transmission of energy, and may contract for the purchase, sale, exchange, interchange, wheeling, pooling, or transmission of electrical energy with another power utility for a consideration and for a period and upon other terms and conditions as may be determined by the parties to the agreement.
History: 1976, Act 448, Imd. Eff. Jan. 13, 1977 ;-- Am. 2008, Act 21, Imd. Eff. Mar. 7, 2008
Structure Michigan Compiled Laws
Chapter 460 - Public Utilities
Act 448 of 1976 - Michigan Energy Employment Act of 1976 (460.801 - 460.848)
Article 1 - General Administrative Provisions (460.801...460.816)
Section 460.801 - Short Title.
Section 460.802 - Meanings of Words and Phrases.
Section 460.803 - Definitions; E to J.
Section 460.804 - Definitions; M.
Section 460.805 - Definitions; P.
Section 460.806 - Definitions; P to R.
Section 460.808 - Fuel Sources and Reserves; Facilities for Transportation and Storage.
Section 460.809 - Facilities for Transmission of Energy; Contracts With Other Power Utilities.
Section 460.810 - Electric Utility Facilities; Exercise of Authority by Governing Body.
Section 460.812 - Financing Cost of Electric Utility Facility; Bonds.
Section 460.813 - Exemption From Taxation.
Section 460.814 - License Agreements.