Stand-alone Entity definition
Stand-alone Entity means the Issuer on an independent basis, with adjustments to be made by Issuer management as necessary to the Financial Information concerning the appropriate tax rate and deferred tax accounts for Issuer, arm's-length funding costs, and market-rate expenses (including but not limited to pension and OPEB costs and insurance premiums), all such expense items to be estimated without regard to benefits or burdens that affiliation with Parent or an Affiliate of Parent provides to Issuer.