Sec. 7. (a) As used in this chapter, "securitization bonds" means bonds, debentures, notes, certificates of participation, certificates of a beneficial interest, certificates of ownership, or other evidences of indebtedness that:
(1) are issued by an electric utility, its successors, or an assignee under a financing order;
(2) have a term of not more than twenty (20) years; and
(3) are secured by, or payable from, securitization property.
(b) If certificates of participation, certificates of a beneficial interest, or certificates of ownership are issued under this chapter, a reference in this chapter to "principal", "interest", or "premium" refers to comparable terms with respect to those certificates.
As added by P.L.80-2021, SEC.1.
Structure Indiana Code
Title 8. Utilities and Transportation
Article 1. Utilities Generally
Chapter 40.5. Pilot Program for Cost Securitization for Retired Electric Utility Assets
8-1-40.5-3. "Electric Utility"
8-1-40.5-7. "Securitization Bonds"
8-1-40.5-8. "Securitization Charges"
8-1-40.5-9. "Securitization Property"
8-1-40.5-11. Securitization Property
8-1-40.5-14. Transfer of Securitization Property
8-1-40.5-15. Lien on and Security Interest in Securitization Property
8-1-40.5-19. Adoption of Rules by Indiana Utility Regulatory Commission