Pennsylvania Code & Bulletin
COMMONWEALTH OF PENNSYLVANIA

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The Pennsylvania Code website reflects the Pennsylvania Code changes effective through 52 Pa.B. 2550 (April 23, 2022).

52 Pa. Code § 74.2. Definitions.

§ 74.2. Definitions.

 The following words and terms, when used in this chapter have the following meanings, unless the context clearly indicates otherwise:

   Act—66 Pa.C.S. Chapter 28 (relating to restructuring of electric utility industry).

   Assignee—An assignee as defined in section 2812(g) of the act (relating to approval of transition bonds).

   Assignor—An electric utility or other person who transfers an interest in intangible transition property to an assignee.

   Certificate—A document establishing, based upon the file number, a qualified rate order docket number and general docket number, whether there is on file with the Commission on the date and time stated a presently effective intangible transition property notice.

   Commission—The Pennsylvania Public Utility Commission, including an appointed successor entity.

   Continuation notice—A notice submitted to extend the effectiveness of an intangible transition property notice.

   Department of State—The Corporation Bureau of the Department of State of the Commonwealth, including an appointed successor entity.

   File number—A numerical sequence assigned by the Commission to identify a specific filing made under this chapter.

   Filing—The submission of a completed intangible transition property notice or other document described in this chapter to the filing officer, together with the applicable filing or processing fee, and the acceptance thereof by the filing officer as evidenced by the indication of a file number and filing date thereon.

   Filing date—The date and time at which a filing is accepted by the Commission as described in this chapter.

   Filing officer—An authorized person in the Office of the Prothonotary of the Commission, including an appointed successor entity or office.

   Filing party—A person who makes a filing under this chapter. The term does not include the Commission.

   Financing party—A financing party as defined in section 2812(g) of the act.

   General docket—A generic docket established by the Commission as a collective repository for all filings pertaining to the perfection of a security interest in, or the transfer to an assignee of an interest in, intangible transition property.

   General docket number—The generic docket number M-00970937 established by the Commission to identify the general docket for perfection of security interests.

   Grantor—An electric utility or other person who grants a security interest in intangible transition property to another person. The term does not include the Commission.

   Information request—A request from a person to the Commission concerning a filing.

   Intangible transition property—Intangible transition property as defined in section 2812(g) of the act.

   Intangible transition property notice—A notice of a security interest in, or of a transfer to an assignee of an interest in, intangible transition property, complying with §  74.6 (relating to intangible transition property notice filing; duration; lapses; filing officer) and properly filed amendments to the notice.

   Lapse—The expiration of the period of effectiveness of an intangible transition property notice.

   Person—A human being, partnership, corporation, public authority or trust (including a business trust), unincorporated association, limited liability company, joint stock company or any other legal entity, whether public or private, existing under the laws of the Commonwealth, another state, the United States or a foreign country.

   Qualified rate order—A qualified rate order as defined in section 2812(g) of the act.

   Qualified rate order docket number—The established Commission filing number for a qualified rate order.

   Release—An action taken by a filing party to alter a right, duty or obligation concerning the perfection of a security interest.

   Retransfer—An action taken by an assignee to return to an assignor all or a portion of the interest of the assignee in intangible transition property.

   Security interest—An interest in intangible transition property securing the payment or performance of an obligation.

   Termination notice—The notice submitted to terminate perfection of a security interest.



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