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Revocation of assigned electric service area. Provides that the utility regulatory commission may revoke the sole right of an electricity supplier to furnish retail electric service to a designated area if: (1) the electricity supplier furnishes service to a town; (2) a different electricity supplier furnishes service to areas adjacent to the town; and (3) a majority of electricity consumers in the town petition the commission to determine that the electricity supplier that furnishes service to the town does not have the sole right to do so.