SB234-SA1,2,5
5"(b) If the electric utility and owner of the land cannot agree on the fair market
6value of the interest in land sought by the electric utility within 90 days after the
7electric utility notifies the owner that the certificate of public convenience and
8necessity has been issued, the issue of the fair market value of the interest shall be
9determined by an arbitrator appointed by the circuit court of the county in which the
10land is located, except that the electric utility and owner of the land may agree to
11extend the 90-day period by an additional 90 days if necessary to reach an agreement
12concerning fair market value in lieu of arbitration. The interest in land shall be
13conveyed to the electric utility upon commencement of the arbitration proceeding.
1Any arbitration under this paragraph shall be conducted on an expedited basis to the
2extent that an expedited proceeding is available. The arbitrator and circuit court
3appointing the arbitrator shall have the powers and duties specified in ch. 788. The
4decision of an arbitrator concerning fair market value shall be binding on the parties,
5except as otherwise provided under ch. 788.".
