"Payment plan"

Sec. 5. As used in this chapter, "payment plan" means a payment arrangement that: (1) is entered into by an electricity supplier and a customer of the electricity supplier; and (2) allows the customer to: (A) pay current or past due amounts for utility service in lower amounts or over an extended period of time, or according to another agreed upon schedule; (B) defer the payment of current or past due amounts for utility service to some future date; or (C) receive a forbearance with respect to the payment of certain amounts owed. As added by P.L.36-2026, SEC.7.