TN HB2383

Expands the statutory definition of "utility" to explicitly include broadband internet, fiber optic services, and telecommunication services, aligning Tennessee Code with existing Department of Transportation policy

Establishes a $2,500,000 statutory minimum reimbursement floor for utility relocation projects exceeding that cost threshold, with commissioner discretion to authorize higher amounts

Requires the Commissioner to promulgate rules governing reimbursement and consider specific factors including project complexity, ratepayer impacts, environmental constraints, and department-imposed schedule requirements

Mandates that utility relocation plans be approved if they achieve relocation at the lowest cost to the utility and ratepayers, with department communication via certified mail

Takes effect upon becoming law for rulemaking purposes; all other provisions take effect July 1, 2026