1. (a) An incumbent electric transmission owner may enter into a contract with a new electric transmission owner that proposes to connect a new electric transmission facility to the electric transmission facility of the incumbent electric transmission owner. The contract may assign responsibility for:

   1. (1) maintenance and upgrades; and

   2. (2) reliability compliance;

      with respect to the new electric transmission facility.

2. (b) The commission has jurisdiction to resolve a dispute arising under a contract described in subsection (a).

As added by P.L.174-2013, SEC.1.