Utility Facilities Act; definition of public utility.

Utility Facilities Act; definition of public utility. Provides that for the purposes of the Utility Facilities Act, the term "public utility" does not include any company that owns or operates one or more facilities for the generation, distribution, or storage of electric energy exclusively for consumption by one or more customers located on the site of such facilities or on adjoining property, provided that such facilities are connected on the customer's side of the electric meter and electricity is delivered without the use of a public utility's distribution or transmission system. The bill also provides that after such a facility operates within the certificated service territory of an electric utility for a duration of five years, such company is required to submit to such public utility a written offer for the sale of such facility.