(1) Accounts means the accounts prescribed in this system of accounts.

(2) Associated companies means companies or persons that, directly or indirectly, through one or more intermediaries, control, or are controlled by, or are under common control with, the accounting company.

(3) Control (including the terms controlling, controlled by, and under common control with) means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a company, whether such power is exercised through one or more intermediary companies, or alone, or in conjunction with, or pursuant to an agreement, and whether such power is established through a majority or minority ownership or voting of securities, common directors, officers, or stockholders, voting trusts, holding trusts, associated companies, contract, or any other direct or indirect means.

(4) Commission or this commission means the Public Service Commission of the State of New York.

(5) Company.

(See paragraph [10] of this subdivision.)

(6) Cost means the amount of money actually paid for property or services or the cash value at the time of the transaction of any consideration other than money. (See, however, electric plant instruction section 182.1 of this Title.)

(7) Electric corporation.

(See Public Service Law.)

(8) Long-term debt means notes or other obligations having a life of more than one year from date of creation or assumption (except obligations representing advances from associated companies), and all unmatured bonds and receivers' certificates.

(9) Original cost, as applied to electric plant, means the cost of such property to the person first devoting it to public service.

(10) Person means an individual, a corporation, a partnership, an association, a joint-stock company, a business trust, or any organized group of persons, whether incorporated or not, or any receiver or trustee.

(11) Utility or utility company as used herein and when not otherwise indicated in the context, means any electric corporation. (See Public Service Law.)