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From memory the power and water authority in your state can choose to alter easements without your consent, and think it best to give them a quick call about it (free) since they'll give you the lowdown of what happens commonly. There were some cases locally where developers/builders have...

Just to clarify, are you saying that he wants to move his easement onto your land so as to accommodate for his development? Or is it compensation for deleting his easement and moving some pipes or whatever into yours?