When the parties cannot agree, the procedure for carrying out the provisions of sections 2801 and 2802 of this title shall be by petition brought by the person or party seeking to purchase and receive such electric energy against the party generating or transmitting the same to the Public Utility Commission, setting forth the purpose for which the energy is needed, the amount and such other facts as under the provisions of the section relied upon will entitle the petitioner to purchase and receive such electric energy from the petitionee, and praying that the petitionee may be called upon to answer such petition and for relief. The petitioner shall give sufficient security to the petitionee that he or she will prosecute his or her petition to effect, and pay all costs that may be awarded against him or her.
30 V.S.A. § 2803