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Session Laws, 1999
Volume 796, Page 113   View pdf image
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(3) ANOTHER DATE OR DATES DETERMINED BY THE COMMISSION
UNDER § 7-510(B) OF THIS SUBTITLE.

(J) "INTANGIBLE TRANSITION CHARGE" MEANS A NONBYPASSABLE RATE,
CHARGE, OR SIMILAR APPROPRIATE MECHANISM FOR THE PROVISION,
AVAILABILITY, OR TERMINATION OF ELECTRIC SERVICE, AUTHORIZED TO BE
IMPOSED FOR THE RECOVERY OF QUALIFIED TRANSITION COSTS UNDER A
QUALIFIED RATE ORDER OF THE COMMISSION.

(K) "INTANGIBLE TRANSITION PROPERTY' MEANS THE RIGHT, TITLE, AND
INTEREST OF AN ELECTRIC COMPANY OR ASSIGNEE IN A QUALIFIED RATE ORDER
INCLUDING:

(1) ALL RIGHTS IN, TO, AND UNDER THE ORDER INCLUDING RIGHTS TO
REVENUES, COLLECTIONS, CLAIMS, PAYMENTS, MONEY, OR OTHER PROPERTY AND
AMOUNTS ARISING FROM THE IMPOSITION OF INTANGIBLE TRANSITION CHARGES
UNDER THE ORDER; AND

(2) IN THE HANDS OF AN ASSIGNEE:

(I) THE RIGHT TO REQUIRE THE ELECTRIC COMPANY TO PROVIDE
ELECTRIC SERVICES, AND TO COLLECT AND REMIT THE INTANGIBLE TRANSITION
CHARGES AUTHORIZED IN THE QUALIFIED RATE ORDER; BUT

(II) NOT THE RIGHT OR DUTY TO PROVIDE ELECTRIC SERVICES.

(L) (1) "PUBLIC PURPOSE PROGRAM" MEANS A PROGRAM IMPLEMENTED
WITH THE INTENTION OF FURTHERING A PUBLIC PURPOSE.

(2) "PUBLIC PURPOSE PROGRAM" INCLUDES:

(I) A UNIVERSAL SERVICE PROGRAM;

(II) A PROGRAM ENCOURAGING RENEWABLE ENERGY RESOURCES;

(III) A DEMAND SIDE MANAGEMENT OR OTHER ENERGY
EFFICIENCY OR CONSERVATION PROGRAM; AND

(IV) A CONSUMER EDUCATION PROGRAM.

(M) "QUALIFIED RATE ORDER" MEANS AN ORDER OF THE COMMISSION
APPROVING ONE OR MORE INTANGIBLE TRANSITION CHARGES.

(N) "STANDARD OFFER SERVICE" MEANS ELECTRIC SERVICE THAT AN
ELECTRIC COMPANY MUST OFFER TO ITS CUSTOMERS UNDER § 7-510(C) OF THIS
SUBTITLE.

(O) "TRANSITION BOND" MEANS A BOND, DEBENTURE, NOTE, CERTIFICATE
OF PARTICIPATION OR BENEFICIAL INTEREST, OR OTHER EVIDENCE OF
INDEBTEDNESS OR OWNERSHIP, APPROVED IN A QUALIFIED RATE ORDER AND
ISSUED UNDER AN EXECUTED TRUST INDENTURE OR OTHER AGREEMENT OF AN


 

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Session Laws, 1999
Volume 796, Page 113   View pdf image
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