DEFINITIONS FOR CAPITAL STRUCTURE APPROVAL

Subpart 1. Scope. For the purpose of parts 7825.1000 to 7825.1500 , the following definitions shall apply. Subp. 2. Capital structure. "Capital structure" means the total capitalization of the public utility as defined in the Minnesota Public Utilities Act and including short-term securities. Subp. 3. Long-term security. "Long-term security" is any security not meeting the definition of short-term security. Subp. 4. Public utility. "Public utility" is as defined in Minnesota Statutes, section 216B.02 , subdivision 4, but not including cooperative electric associations. Subp. 5. Security. "Security" is as defined in Minnesota Statutes, section 216B.49 , subdivision 1. Subp. 6. Short-term security. "Short-term security" means any unsecured security with a date of maturity of no more than one year from the date of issuance; and containing no provisions for automatic renewal or "roll over" at the option of either the obligee or obligor.