Terms Used In California Codes > Public Utilities Code > Division 1 > Part 2 > Chapter 5 - Electrical Cooperatives

• Commission: means the Public Utilities Commission created by §. See California Public Utilities Code 20
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• electrical cooperative: means any private corporation or association organized for the purposes of transmitting or distributing electricity exclusively to its stockholders or members at cost. See California Public Utilities Code 2776
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.