Texas Utilities Code

§ 41.152 — DEFINITIONS

UT § 41.152Title 2. PUBLIC UTILITY REGULATORY ACT · Part B. ELECTRIC UTILITIES · Ch. 41. ELECTRIC COOPERATIVES AND COMPETITION · Art. D. MARKET PARTICIPATION AND SECURITIZATION

Statute text

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In this subchapter:

(1)"Assignee" means any individual, corporation, or other legally recognized entity, including a special purpose entity, to which an interest in securitized property is transferred, other than as security.

(2)"Board" means the governing body of an electric cooperative.

(3)"Combined securitization transaction" means the issuance of securitized bonds under this subchapter in a transaction involving at least two electric cooperatives acting together.

(4)"Extraordinary costs and expenses" means:

(A)costs and expenses incurred by an electric cooperative for electric power and energy purchased during the period of emergency in excess of what would have been paid for the same amount of electric power and energy at the average rate incurred by the electric cooperative for electric power and energy purchased during the month of January 2021;

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Legislative history

Added by Acts 2021, 87th Leg., R.S., Ch. 950 (S.B. 1580), Sec. 1, eff. June 18, 2021.