Sec. 1. 35-A MRSA §3205, sub-§1, as enacted by PL 1997, c. 316, §3, is amended to read:

1. Definitions. As used in this section and sections 3206 and 3206-A, unless the context otherwise indicates, the following terms have the following meanings.

A. "Affiliated competitive provider" or "affiliated competitive electricity provider" means a competitive electricity provider whose relationship with a large investor-owned transmission and distribution utility qualifies it as an affiliated interest.:

(1)__Created by an investor-owned transmission and distribution utility that owns more than 90% of its own stock; and

(2)__Whose relationship with an investor-owned transmission and distribution utility qualifies it as an affiliated interest.

B. "Distribution utility" means a large investor-owned transmission and distribution utility that has an affiliated competitive provider.

C. "Purchasing entity" means a person that purchases 10% or more of the stock of a distribution utility on or after the effective date of this section.

D. "Related entity" means:

(1) Any person who owns, directly, indirectly or through a chain of successive ownership, 10% or more of the voting securities of the purchasing entity;

(2) Any person 10% or more of whose voting securities are owned, directly or indirectly, by an affiliated interest as defined in subparagraph (1);

(3) Any person 10% or more of whose voting securities are owned, directly or indirectly, by a purchasing entity;

(4) Any person, or group of persons acting in concert, which that the commission may determine, after investigation and hearing, exercises substantial influence over the policies and actions of a purchasing entity, provided that the person or group of persons beneficially owns