(1) A municipal utility that owns or operates an electric utility under KRS 96.550 to 96.900 may authorize: (a) Membership and particip ation in a group purchasing program when the municipal utility deems that the purchase of power through a group purchasing program can affect economy or efficiency in the operations of the municipal utility; or (b) The purchase of wholesale electric power for the purpose of resale from any person or entity when the purchase is deemed advantageous to the municipal utility. (2) "Group purchasing program" means a voluntary program that may consist of both public and private utilities for the purchase of wholesale electric power. (3) A municipal utility that is purchasing wholesale electric power for resale to the ultimate customers of the municipal utility as provided under subsection (1) of this section shall not be subject to the provisions of KRS 45A.365 and KRS 424.260.
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