Section 69-8-311 - Cooperative utility - electricity supply service - exemption(1) A local governing body shall establish the price for electricity supply service offered by a cooperative utility.(2) Except as otherwise provided in the universal system benefits program pursuant to 69-8-402, a cooperative utility is exempt from the provisions and requirements of this chapter.En. Sec. 20, Ch. 505, L. 1997; amd. Sec. 9, Ch. 491, L. 2007.