(a) “Corporation” shall mean a corporation formed under this article or operating under this article pursuant to Section 77-5-213.

(b) “Bonds” shall mean and include bonds, interim certificates or receipts, notes, debentures and all other evidences of indebtedness, either issued or the payment thereof assumed by the corporation.

(c) “Person” shall mean and include natural persons, firms, associations, corporations, business trusts, partnerships and bodies politic.

(d) “Energy” shall mean and include any and all electric energy no matter how or where generated or produced.

(e) “Acquire” shall mean and include construct, acquire by purchase, lease, devise, gift, or other mode of acquisition.

(f) “System” shall mean and include any plant, works, system, facilities, or properties, or parts thereof, together with all appurtenances thereto, used or useful in connection with the generation, production, transmission or distribution of energy.

(g) “Law” shall mean any act or statute, general, special or local of this state.

(h) “Federal agency” shall mean and include the United States of America, the President of the United States of America, Tennessee Valley Authority, the Federal Emergency Management Agency, the United States Department of Agriculture and its agencies, including the Rural Utilities Service, and any and all other authorities, agencies and instrumentalities of the United States of America, heretofore or hereafter created.

(i) “Improve” shall mean and include construct, reconstruct, improve, replace, extend, enlarge, alter, better or repair.

(j) “Board” shall mean the board of directors of a corporation formed under this article.

(k) “Member” shall mean and include each natural person signing the certificate of incorporation of a corporation and each person admitted to and retaining membership therein pursuant to law or its bylaws, and shall include a joint membership as defined by the corporation’s bylaws.

(l) “Services” or “service” shall mean the sale or other disposition of energy, electrical appliances, wiring and equipment at the lowest cost consistent with sound economy, public advantage and the prudent conduct of the business of a corporation.

(m) “Certificate of incorporation” includes a certificate of incorporation or articles of incorporation.

(n) “Rate” means and includes every compensation, charge, deposit, contribution, fee, fare, toll, rental, cost and classification, or the formula or method by which such may be determined, or any of them, demanded, observed, charged, collected, avoided, or owed by a corporation for or relating to electric energy offered or provided by the corporation to the public or received by the corporation, and any rules, regulations, practices or contracts relating to any such compensation, charge, deposit, contribution, fee, fare, toll, rental, cost, or classification, including, but not limited to, any rules, regulations, practices or contracts relating to the disconnection of service to members or nonmember customers who have failed to pay for electric energy provided by the corporation.