Having allocated to this state its share of the unit or system value in accordance with § 67-5-1322, the comptroller of the treasury shall then determine the assessment and the portion of the property which is distributable and the portion that is localized in accordance with § 67-5-1325.
Distribution and apportionment to county, municipality, and taxing district
Tenn. Code Ann. § 67-5-1323, under Classification and Assessment — Utilities and Carriers.
Tenn. Code Ann. § 67-5-1323