Vermont Statutes Title 30 Sec. 4005
Terms Used In Vermont Statutes Title 30 Sec. 4005
- Electric facilities: means any facilities necessary or incidental to the generation of electric power and energy or the transmission thereof, including electric generating units, electric generating plants, electric transmission lines, plant sites, rights-of-way, and real and personal property and equipment, and rights of every kind useful in connection therewith. See
- Utility: except as otherwise required by the context in which used herein, is intended to refer to cooperatives, municipal utilities, as herein defined, and private electric utilities. See
§ 4005. Insurance
Each participating utility shall have the right and power to enter into contracts or specialized insurance appertaining to property and risks in connection with an incident to the ownership, operation, and maintenance of electric facilities, in addition to the usual forms of available insurance. Each participating utility shall be authorized to enter into contracts or insurance for the use and benefit of each of the other participating utilities as though the insurance was for its sole benefit and to cause the rights of the other participating utilities to be protected by contracts according to their respective undivided interests or entitlements under applicable agreements between the participating utilities. (Added 1977, No. 97.)