MO HB1027

Prohibits the use of eminent domain for electric transmission line projects that are proposed outside a regulated regional transmission planning process, not eligible for regional cost allocation under a transmission tariff, and constructed entirely with private funds where users pay for the line

Exempts rural electric cooperatives and municipally owned utilities from the new eminent domain restrictions on transmission line projects

Requires entities using eminent domain for power generation facilities after December 31, 2006 to either hold a public meeting with newspaper notice or notify property owners of the condemning authority's identity and proposed use when making initial purchase offers

Maintains existing eminent domain authority for private utility companies, public utilities, rural electric cooperatives, municipally owned utilities, pipelines, railroads, and common carriers (excluding motor carriers, contract carriers, and express companies)

Requires relocation assistance provisions under Missouri law for displaced persons when condemnation occurs, unless the entity is already subject to federal Uniform Relocation Assistance Act requirements