(IV) A CONSUMER EDUCATION PROGRAM.

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

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

(N) "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 ELECTRIC COMPANY
OR ASSIGNEE, AND WHICH IS SECURED BY, EVIDENCES OWNERSHIP INTEREST IN, OR
IS PAYABLE FROM INTANGIBLE TRANSITION PROPERTY.

(O) "TRANSITION COSTS" MEANS A COST, LIABILITY, OR INVESTMENT THAT:

(1) TRADITIONALLY WOULD HAVE BEEN OR WOULD BE RECOVERABLE
UNDER RATE OF RETURN REGULATION, INCLUDING RETAIL RATES FOR THE
PROVISION OF ELECTRIC SERVICE, BUT WHICH MAY NOT BE RECOVERABLE IN A
RESTRUCTURED ELECTRICITY SUPPLY MARKET, OR

(2) WHICH ARISE AS A RESULT OF ELECTRIC INDUSTRY

RESTRUCTURING; AND

(2) IS RELATED TO THE CREATION OF CUSTOMER CHOICE.

(P) (1) "UNIVERSAL SERVICE PROGRAM" MEANS A POLICY, PROTECTION, OR
SERVICE THAT HELPS LOW INCOME CUSTOMERS MAINTAIN ELECTRIC SERVICE.

(2) "UNIVERSAL SERVICE PROGRAM" INCLUDES CUSTOMER BILL
ASSISTANCE AND PAYMENT PROGRAMS, TERMINATION OF SERVICE PROTECTION,
AND POLICIES AND SERVICES THAT HELP LOW-INCOME CUSTOMERS TO REDUCE OR
MANAGE ENERGY CONSUMPTION IN A COST EFFECTIVE MANNER.

7-502. RESERVED.
7-503. RESERVED.
PART II. ELECTRIC INDUSTRY RESTRUCTURING ENABLED.

7-504.

THE GENERAL ASSEMBLY FINDS AND DECLARES THAT THE PURPOSE OF THIS
SUBTITLE IS TO:

(1) MODIFY AND CLARIFY EXISTING LAW TO ESTABLISH CUSTOMER
CHOICE OF ELECTRICITY SUPPLY AND ELECTRICITY SUPPLY SERVICES;

(2) CREATE COMPETITIVE RETAIL ELECTRICITY SUPPLY AND

ELECTRICITY SUPPLY SERVICES MARKETS; AND

(3) DEREGULATE THE GENERATION, SUPPLY, AND PRICING OF
ELECTRICITY;