MS HB187

Amends Section 77-5-221 to change board of directors elections for electric power associations from three-year terms to four-year terms beginning July 1, 2025, held the first Tuesday after the first Monday in November and conducted similarly to public school board elections.

Brings forward Sections 77-5-201 through 77-5-259 (the entire Electric Power Association Law) for possible amendment and codification purposes.

Establishes that generation and transmission (G&T) cooperatives have boards comprised of two directors from each member corporation plus up to three at-large directors, with specific governance and operational provisions distinct from other electric power associations.

Confirms electric power associations are not subject to Mississippi Public Service Commission rate regulation, except for specific requirements regarding service disconnections during extreme weather and deposits for domestic violence victims.

Effective July 1, 2024.