Arizona Laws 10-2152. Annual assessments; gross intrastate revenue exception
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Title 40, chapter 2, article 8 applies to a generation and transmission cooperative that is regulated by the corporation commission but does not apply to the cooperative’s gross intrastate revenues that are derived from sales of electricity to another cooperative electric utility that is both:
Terms Used In Arizona Laws 10-2152
- Commission: means the Arizona corporation commission. See Arizona Laws 10-140
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Electric utility: means any corporation, governmental agency, political subdivision or other entity or combination of such entities that produces, generates, purchases, sells, transmits or distributes electricity to another electric utility or to a user of electricity. See Arizona Laws 10-2121
- Generation and transmission cooperative: means a corporation that is organized under this article or that becomes subject to this article as provided in this article. See Arizona Laws 10-2121
1. Regulated by the corporation commission.
2. Subject to the corporation commission’s annual assessment.