(1) In the exercise of any powers conferred by this Act, the Company shall cause as little inconvenience and damage to other persons as is reasonably practicable and the Company is liable to pay compensation to any person who suffers damage to his or her property in consequence of the exercise of such powers by the Company.
(2) The amount of such compensation must, failing agreement, be determined by arbitration.
(3) If by reason of the presence of any pipe or electric line belonging to the Company which is alongside or under or over any road any person is injured or suffers damage to his or her property, the Company shall save harmless and keep indemnified, in respect of such injury or damage, the person or local or other authority by whom such road is repairable.