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Ripley Power Board withholds signed tri‑party agreement over land‑conveyance language
Summary
Board members said they found language in a draft tri‑party agreement with Silicon Ranch and the Tennessee Valley Authority that could obligate Ripley Power and Light to provide land; the board voted to withhold submission until requested corrections are confirmed and authorized the superintendent to deliver the contract once satisfied.
The Ripley Power and Light Board paused submission of a signed tri‑party agreement with Silicon Ranch and the Tennessee Valley Authority after members said draft language could obligate the utility to convey land through its substation, the board said at its monthly meeting.
Board members said the agreement, as drafted, included provisions that read as if Ripley Power would be required to provide additional land for project facilities.…
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