Terms used in this chapter shall be construed as follows, unless another meaning is expressed or is clearly apparent from the language or context:
(1) "BIPCo" means the Block Island Power Company.
(2) "BIPCo assets" means that real property, personal property, rights in any real and personal property, facilities, equipment, contract rights, statutory rights and privileges, franchises and other tangible or intangible property of any kind owned by BIPCo.
(3) "BIPCo contractual obligations" means the obligations represented by and inherent in any contract entered into between BIPCo and another utility or other party, which obligations remain outstanding in any part as of the date when BIPCo ceases to be an electric utility pursuant to § 45-67-8(1).
(4) "BIPCo debt obligations" means the obligations represented by and inherent in any debt incurred by BIPCo for the purpose of financing any aspect of its electric system or operations, which obligations remain outstanding in any part as of the date when BIPCo ceases to be an electric utility pursuant to § 45-67-8(1).
(5) "Qualified elector" means any person whose name appears on an active account with the utility district and who is designated by the account holder to be the qualified elector. No active account shall have more than one qualified elector and no qualified elector shall have more than one vote.
(6) "Utility district" means the Block Island utility district, a quasi-municipal corporation, having a distinct legal existence from the state, established and empowered by this chapter to:
(i) Fulfill electric utility functions, powers, rights, and obligations;
(ii) Exercise certain powers as an electric distribution company and power producer; and
(iii) Provide additional utility services not inconsistent with the duties, powers and obligations of the utility district as defined in this section.
(7) "Utility service area" means that geographic area comprising New Shoreham, Rhode Island.
History of Section.
P.L. 2017, ch. 280, § 1; P.L. 2017, ch. 293, § 1.