(1) “Bonds” means any bonds, interim certificates, notes, debentures or other obligations of a company issued under this chapter.

(2) “Company” and “electric company” mean a municipal electric company.

(3) “Contracting municipality” means a municipality which contracts to establish an electric company under this chapter.

(4) “Municipal electric company” means a public corporation created by contract between 2 or more municipalities under this chapter.

(5) “Municipality” means a city or town.

(6) “Person” means a natural person, a public agency, cooperative or private corporation, association, firm, statutory trust, partnership or business trust of any nature whatsoever, organized and existing under the laws of any state or of the United States.

(7) “Project” means any plant, works, system, facilities and real and personal property of any nature whatsoever, together with all parts thereof and appurtenances thereto, used or useful in the generation, production, transmission, distribution, purchase, sale, exchange or interchange of electric power and energy, or any interest therein or right to capacity thereof and the acquisition of fuel of any kind for any such purposes, including, but not limited to, the acquisition of fuel deposits and the acquisition or construction and operation of facilities for extracting fuel from natural deposits, for converting it for use in another form, for burning it in place, for transportation, storage and reprocessing or for any energy conservation measure which involves public education or the actual fitting and application of a device.

(8) “Public agency” means any municipality or other municipal corporation, political subdivision, government unit or public corporation created under the laws of this State or of another state or of the United States, and any state or the United States, and any person, board or other body declared by the laws of any state or the United States to be a department, agency or instrumentality thereof.