Utility Subsidiary definition

Utility Subsidiary means each Subsidiary that is engaged principally in the transmission or distribution of electricity or gas and is subject to rate regulation as a public utility by federal or state regulatory authorities.

Utility Subsidiary means a Subsidiary of the Guarantor that is subject to regulation by a Governmental Authority (federal, state or otherwise) having authority to regulate utilities, and any Wholly-Owned Subsidiary thereof.

Utility Subsidiary means, at any particular time, a direct or indirect subsidiary of the Company that, as a substantial part of its business, distributes or transmits electric energy to retail or wholesale customers at rates or tariffs that are regulated by either a state or Federal regulatory authority.

Examples of Utility Subsidiary in a sentence

• For the avoidance of doubt, it is understood and agreed that (i) this Section 7.4 shall not relieve the Borrower from complying with Section 6.8(b) and (ii) dispositions by any Existing Utility Subsidiary of its transmission assets permitted pursuant to the Subsidiary Credit Agreements shall not constitute a disposition of all or substantially all of the assets of the Borrower.

• For so long as any Securities of this series remain outstanding, the Company will not create or incur or allow any of its subsidiaries to create or incur any pledge or security interest on any of the capital stock of a Public Utility Subsidiary held by the Company or one of its subsidiaries or a Significant Subsidiary.

• The Participating Utility Subsidiary Agreement, shall be consistent with and reflect the terms and conditions of the Loan Agreement and this Agreement, and shall provide, inter alia, that the proceeds of the Loan received by the respective Project State from the Borrower shall be made available by the Project State to the respective Participating Utility on the same financial terms and conditions as apply to the Project State.

• Except as the Bank shall otherwise agree, the Project State and the Participating Utility shall not assign, amend, abrogate or waive the Participating Utility Subsidiary Agreement or any of its provisions.

• Each Holder of any Note by his acceptance thereof shall be deemed to have relied solely on the creditworthiness of the Company based on the assets owned by it, and agreed that the payment of the principal of and any premium and interest on such Note shall be made solely from the assets of the Company and not from any assets of any Utility Subsidiary.

More Definitions of Utility Subsidiary

Utility Subsidiary means a Subsidiary of the Guarantor that is subject to regulation by a Governmental Authority (federal, state or otherwise) having authority to regulate utilities.

Utility Subsidiary means, with respect to a Borrower, each Subsidiary of such Borrower that is engaged principally in the transmission, or distribution of electricity or gas and is subject to rate regulation as a public utility by federal or state regulatory authorities; provided that, (i) no ComEd Entity shall be considered a Utility Subsidiary of Exelon and (ii) on or after the PSEG Merger Date, no Energy Holdings Entity shall be considered a Utility Subsidiary of Exelon. “Utilization Fee Rate” — see Schedule I.

Utility Subsidiary means UES, FG&E and Unitil Power Corp., a New Hampshire corporation.

Utility Subsidiary means Unitil Energy Systems, Inc., Fitchburg Gas and Electric Light Company, Northern Utilities, Inc., Granite State Gas Transmission, Inc., and Unitil Power Corp.

Utility Subsidiary means any Person that is a Subsidiary of the Company that is (i) subject to regulation as a public utility in any state and, (ii) whether in connection with such Person having become a Subsidiary of the Company or otherwise, the Company has agreed, whether in connection with obtaining requisite regulatory approvals in connection with such Person becoming a Subsidiary or otherwise, that the substance of this Section 1.14 be applicable. In each Officers' Certificate delivered pursuant to Section 10.04, the Company shall identify each of its Subsidiaries that are Utility Subsidiaries for purposes of this Section 1.14.

Utility Subsidiary has the meaning specified in Section 1.14.

Utility Subsidiary means ComEd, PECO and each other Subsidiary of the Borrower that is engaged principally in the generation, transmission, or distribution of electricity or gas and is subject to rate regulation as a public utility by federal or state regulatory authorities.