In electric power: the sale, disposition, change and transfer of ownership and control of assets and IPP contracts from the Government or a government corporation to a private person or entity [Section 4(pp), Electric Power Industry Reform Act of 2001; Section 4 (ooo), Rules and Regulations to Implement Republic Act No. 9136, Entitled “Electric Power Industry Reform Act of 2001”]
Note: The IRR adopts the definition under the law, except for an adjustment to the writing style (capitalization of defined term, “Person”).