As used in this chapter, "clean energy credit", or "CEC", means an interest that:

1. (1) represents one (1) megawatt hour of clean energy that satisfies the condition set forth in section 12(c)(2) of this chapter;
2. (2) is quantifiable and transferrable; and
3. (3) is possessed by not more than one (1) entity at a time.

As added by P.L.150-2011, SEC.16.