Prohibiting the Public Service Commission from authorizing, and an electric company from undertaking or exercising a right of condemnation in relation to, the construction of an overhead transmission line designed to carry in excess of 69,000 volts if the electric company is owned in whole or in part by one or more entities that are not electric companies or do not have specified authority; and providing that the Act applies retroactively to applications filed or pending on or after February 1, 2010.