"New electric transmission owner"

Sec. 4. As used in this chapter, "new electric transmission owner" means a corporation, company, partnership, limited liability company, or other organization that: (1) on the date of its incorporation or organization, does not own, operate, or maintain an electric transmission facility located in whole or in part in Indiana; and (2) is incorporated or organized to construct, own, operate, and maintain an electric transmission facility located in whole or in part in Indiana. As added by P.L.174-2013, SEC.1.