447. At the expiration of the term mentioned in any contract entered into between the council and any public utility company, respecting the supplying of electricity for light, heat and power by such company to the municipality which itself distributes same to its ratepayers, the Régie du bâtiment du Québec, on a petition to that effect, may order that the contract be extended or renewed on such other or similar terms, prices and conditions as it may determine.
R. S. 1964, c. 193, s. 457; 1977, c. 5, s. 14; 1988, c. 23, s. 84; 1991, c. 74, s. 168.