The power company has at least a perscriptive easement for their power line.
The law or perscriptive easements varies from state to state but it is likely that you have a legal duty to provide maintenance access to their power line. Without more information about the nature of the power line and the building, there is no way to offer an opinion as to whether your proposed building might interfere with this dury.
I would certainly not build beneath their power line without first checking with the power company and the county building inspector. Further, if neither objects, I would not rely upon a verbal agreement but would have an attorney draw up an agreement to be signed by both you and the power company. If the power company objects to this, beware of the red flags.
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