Pennsylvania Code › Title 52 - PUBLIC UTILITIES › Part I - Public Utility Commission › Subpart C - Fixed Service Utilities › Chapter 74 - PERFECTION OF SECURITY INTERESTS IN INTANGIBLE TRANSITION PROPERTY › Section 74.2 - Definitions

Current through Register Vol. 54, No. 28, July 13, 2024
The following words and terms, when used in this chapter
					 have the following meanings, unless the context clearly indicates
					 otherwise:
Act
-66 Pa.C.S. Chapter 28 (relating to
					 restructuring of electric utility industry).
Assignee
-An assignee as defined in section
					 2812(g) of the act (relating to approval of transition bonds).
Assignor
-An electric utility or other
					 person who transfers an interest in intangible transition property to an
					 assignee.
Certificate
-A document establishing, based
					 upon the file number, a qualified rate order docket number and general docket
					 number, whether there is on file with the Commission on the date and time
					 stated a presently effective intangible transition property notice.
Commission
-The Pennsylvania Public Utility
					 Commission, including an appointed successor entity.
Continuation notice
-A notice submitted to
					 extend the effectiveness of an intangible transition property notice.
Department of State
-The Corporation Bureau
					 of the Department of State of the Commonwealth, including an appointed
					 successor entity.
File number
-A numerical sequence assigned
					 by the Commission to identify a specific filing made under this chapter.
Filing
-The submission of a completed
					 intangible transition property notice or other document described in this
					 chapter to the filing officer, together with the applicable filing or
					 processing fee, and the acceptance thereof by the filing officer as evidenced
					 by the indication of a file number and filing date thereon.
Filing date
-The date and time at which a
					 filing is accepted by the Commission as described in this chapter.
Filing officer
-An authorized person in the
					 Office of the Prothonotary of the Commission, including an appointed successor
					 entity or office.
Filing party
-A person who makes a filing
					 under this chapter. The term does not include the Commission.
Financing party
-A financing party as
					 defined in section 2812(g) of the act.
General docket
-A generic docket
					 established by the Commission as a collective repository for all filings
					 pertaining to the perfection of a security interest in, or the transfer to an
					 assignee of an interest in, intangible transition property.
General docket number
-The generic docket
					 number M-00970937 established by the Commission to identify the general docket
					 for perfection of security interests.
Grantor
-An electric utility or other
					 person who grants a security interest in intangible transition property to
					 another person. The term does not include the Commission.
Information request
-A request from a
					 person to the Commission concerning a filing.
Intangible transition property
-Intangible
					 transition property as defined in section 2812(g) of the act.
Intangible transition property notice
-A
					 notice of a security interest in, or of a transfer to an assignee of an
					 interest in, intangible transition property, complying with §
										74.6 (relating to intangible
					 transition property notice filing; duration; lapses; filing officer) and
					 properly filed amendments to the notice.
Lapse
-The expiration of the period of
					 effectiveness of an intangible transition property notice.
Person
-A human being, partnership,
					 corporation, public authority or trust (including a business trust),
					 unincorporated association, limited liability company, joint stock company or
					 any other legal entity, whether public or private, existing under the laws of
					 the Commonwealth, another state, the United States or a foreign country.
Qualified rate order
-A qualified rate
					 order as defined in section 2812(g) of the act.
Qualified rate order docket number
-The
					 established Commission filing number for a qualified rate order.
Release
-An action taken by a filing party
					 to alter a right, duty or obligation concerning the perfection of a security
					 interest.
Retransfer
-An action taken by an assignee
					 to return to an assignor all or a portion of the interest of the assignee in
					 intangible transition property.
Security interest
-An interest in
					 intangible transition property securing the payment or performance of an
					 obligation.
Termination notice
-The notice submitted to
					 terminate perfection of a security interest.