§ 39-3-1.1 - Purchasing cooperatives.
SECTION 39-3-1.1
§ 39-3-1.1 Purchasing cooperatives. –Purchasing cooperatives may at any time be organized consisting of any group ofelectricity consumers for the purpose of negotiating for electric power fromnonregulated power producers. Such purchasing cooperatives shall be consideredto be associations of electricity consumers organized solely for the purpose ofnegotiating the purchase of electric power by members of the cooperative.Purchasing cooperatives are specifically not required to be legal entities andare hereby prohibited from engaging in resale of electric power. Electricityconsumers will maintain individual accounts with the nonregulated powerproducer with which a contract is concluded. Electricity consumers may withdrawfrom a purchasing cooperative at any time by providing thirty (30) days noticeto the cooperative and to nonregulated power producers with which a purchasingcooperative has reached an agreement. Nothing in this section shall prevent acooperative from becoming a legal entity or utilizing a legal entity tonegotiate for rates for the purchasing cooperative.