Bill passes allowing electric cooperatives to offer internet
Published: Jan. 23, 2019 at 11:25 AM CST
The Mississippi Legislature has passed a measure to allow the state's electric cooperatives to offer high-speed internet service.
The Senate voted unanimously Wednesday for House Bill 366, sending it to Gov. Phil Bryant for his signature or veto.
The measure would let Mississippi's 25 electric cooperatives form subsidiaries to offer broadband internet service. They're currently banned from doing so.
Cooperatives wouldn't be required to enter the internet business and current customers wouldn't be required to buy service.
The measure allows cooperatives to invest money, loan money or guarantee loans to affiliates, but says they can't use revenue from electric sales to subsidize broadband.