476.72 - DEFINITIONS. - Iowa Statutes

476.72 DEFINITIONS. As used in this division, unless the context otherwise requires: 1. "Affiliate" means a party that directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with a rate-regulated public utility. 2. "Control" means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of an enterprise through ownership, by contract or otherwise. 3. "Nonutility service" includes the sale, lease, or other conveyance of commercial and residential gas or electric appliances, interior lighting systems and fixtures, or heating, ventilating, or air conditioning systems and component parts or the servicing, repair, or maintenance of such equipment. 4. "Public utility" includes only gas or electric rate- regulated public utilities and rate-regulated telephone utilities providing local exchange telecommunication service. 5. "Utility business" means the generation or transmission of electricity or furnishing of gas or furnishing electricity or furnishing rate-regulated communications services to the public for compensation.          Section History: Recent Form 89 Acts, ch 103, § 3