Hi,
We've been approached by American Electric Power on behalf of the local electric co-op (Carroll County, Ohio) about signing a new easement for power lines. Does anyone have any idea about what is a fair/optimal amount for this? Thanks!
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Permalink Reply by Jim on April 17, 2013 at 6:06am Lisa,
Powerlines easements have to many varibles to consider. Width, length, voltage, value of land. You will need a lawyer that has experience in eminent domain. Try and push the envelope and get a signing bonus from AEP. Just a thought.
We were also just approached by AEP. How did things work out?
Permalink Reply by kdj on December 7, 2013 at 3:32pm where are these properties, exactly? I am curious because I have AEP lines already.
Permalink Reply by Trapper on December 7, 2013 at 4:34pm Make sure in any ROW that you limit the ROW to that company only. NO phone, pipelines, cable etc. Any new company must negotiate with and pay you for use. Also make sure they have access/control only to ROW and not any of the rest of your property. We did not allow a row for local electric coop because they would not pay anything and they had vague statements that indicated they could stop activity on our property outside their row that they would not remove.
Permalink Reply by Trapper on December 8, 2013 at 5:06am Excellent points James. In my Ye Olden Gasline agreement (1949) with Tennessee Gas Pipeline Co. the rights include phone and electric lines! Neither of which were ever placed on the row though....but they could yet today as per the agreement signed way back when!
Permalink Reply by Paul Martinelli on December 10, 2013 at 10:01am Consider the maintenace agreement as well, I have an AEP/Carroll Coop line........and they sprayed the line this year, they were suppose to contact me first, didn't happen......and during deer season they were trimming with helicopters!
They act like they own the place!
PS.....I didn't sign an agreement....land came with it.
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