Sec. 2. (a) The definitions in this section apply throughout this chapter.

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Terms Used In Indiana Code 8-1-2.3-2

  • 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.
     (b) “Electricity supplier” means a public utility, a local district rural electric membership corporation, or a municipally owned electric utility which furnishes retail electric service to the public.

     (c) “Retail electric service” means electric service furnished to a customer for ultimate consumption, but does not include wholesale electric service furnished by an electricity supplier to another electricity supplier for resale.

     (d) “Existing electric distribution line” means an electric conductor which on January 1, 1979, was being used for the distribution or delivery of retail electric service.

     (e) “Assigned service area” means the designated geographic area within the boundaries of which an electricity supplier is authorized to furnish all retail electric service, as provided in this chapter.

     (f) “Municipality” means a city or town.

     (g) “Existing municipal limits” means the corporate boundaries of any municipality as such boundaries existed on January 1, 1979.

As added by Acts 1980, P.L.69, SEC.1. Amended by P.L.23-1988, SEC.30.

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