Definitions

(1) "Applicant" means any municipal electric utility that applies for a license to provide electric generation services to end use customers outside of its service area using the transmission or distribution system or facilities of an electric distribution company, as defined in section 16-1 of the Connecticut General Statutes; (2) "Electric supplier" means "electric supplier" as defined in section 16-1 of the Connecticut General Statutes; (3) "ISO" means the New England Regional Independent System Operator; (4) "Municipal electric utility" means a municipal electric utility established under chapter 101 of the Connecticut General Statutes or any other electric utility owned, leased, maintained, operated, managed or controlled by any unit of local government under any general statute or any public or special act; (5) "Participating municipal electric utility" means "participating municipal electric utility" as defined in section 16-1 of the Connecticut General Statutes; (6) "Service area" means "service area" as defined in section 16-245c of the Connecticut General Statutes; and (7) "Stranded costs" means a municipal electric utility's legitimate, verifiable and unmitigable generation-related costs, as identified and calculated by the municipal electric utility, which costs were made unrecoverable as a result of the municipal electric utility's entrance into the competitive electric generation market.