Tennessee Easement Agreement (Pipeline for Gas and other Substances)
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FAQ
There is no measurable impact on the sales price of properties located along or in proximity to a natural gas pipeline versus properties which are not located along or in proximity to the same pipeline. Neither the size nor the age of a natural gas pipeline affects a property's sale price.
Tennessee utility easement laws don't open the utility companies to use the property in any way they like. However, they can stipulate how the area in which they work can be developed. For instance, a property might have restrictions as to where trees can be planted to avoid damaging the utility line.
Pipelines are generally the most economical way to transport large quantities of oil, refined oil products or natural gas over land.
The pipeline company typically pays the landowner in price per foot or per acre for farm land of the property that the pipeline passes. The price is based on the length of the easement. Some companies offer prices based on linear rod, not linear foot.
How pipeline companies make money. Pipeline companies typically get the bulk of their revenue from three sources: fixed-fee contracts, regulated tariffs, and margin-based activities.
The chances of a pipeline leak or explosion on your property is relatively small, but the consequences can be huge. Knowing what to do, and what not to do, could save your life.
The companies that own most of the gas pipelines by length include: Gazprom, Russia ? 103,212km (64,133 miles) ? 11.2 percent. TC Energy, Canada ? 99,440km (61,789 miles) ? 10.8 percent. Kinder Morgan, US ? 82,075km (50,999 miles) ? 9 percent.