KRS 96.880: Plant not subject to authority of Public Service Commission except as to

extension of service -- Bonds do not require approval.

(1) It shall not be necessary for any municipality proceeding under KRS 96.550 to

96.900 to obtain any certificate of conven ience and necessity, license, permit, or

other authorization, from any board, commission, or other agency of Kentucky, in

order to acquire, maintain and operate any electric plant.

(2) Neither the Public Service Commission of Kentucky nor any other board o r

commission of like character shall, unless in the future expressly authorized, have

jurisdiction over such board or municipality in the management and control of any

electric plant whether within or without its boundaries, or any power or authority

over the regulation of rates or charges, except that the Public Service Commission

may, when it determines that such action is in the public interest and will not

jeopardize the financial structure of the system, require any such municipality to

extend service within or without its boundaries to customers not previously served

by such municipality. Its orders may be enforced by mandamus or mandatory

injunction.

(3) If and when any board organized and operating under the provisions of KRS 96.550

to 96.900 shall be required by the Public Service Commission to extend its services

within or without its boundaries to customers not previously served by such

municipality or board, revenue bonds may be issued and sold by the board in an

amount sufficient for the board to obtain all money necessary to pay the cost of such

extended service.

(4) Bonds may be issued under KRS 96.550 to 96.900 without respect to the provisions

of any laws requiring the prior approval of any court, commission, board, or

regulatory authority.