Tenn. Code § 65-25-103
Current through Acts 2023-2024, ch. 1069
Electric cooperatives heretofore incorporated under the former "Electric Cooperative Law" or hereafter incorporated under this chapter shall be organized and operated on a nonprofit basis and without pecuniary gain, and shall furnish their services on an area coverage basis at the lowest cost consistent with sound business principles.
T.C.A. § 65-25-103