Municipally owned electric utility definition

Municipally owned electric utility means a system owned by a municipality or combination of municipalities to furnish power or light and includes a cooperative electric utility that, on or after the effective date of this act, acquired all or substantially all of the assets of a municipal electric utility, when applying this act to the former territory of the municipal electric utility.
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Related to Municipally owned electric utility

  • Electric utility means a consumer-owned utility or

  • Public utility means any business entity that owns or operates any plant, equipment, property, franchise, or license for the production, transmission, sale, delivery, or furnishing of elec- tricity, water, or steam the rates of charges for goods or services of which have been established or approved by a federal, state, or local government or governmental agency.

  • Holding Company means, in relation to a company or corporation, any other company or corporation in respect of which it is a Subsidiary.