As used in this chapter, "payment plan" means a payment arrangement that:

1. (1) is entered into by an electricity supplier and a customer of the electricity supplier; and

2. (2) allows the customer to:

   1. (A) pay current or past due amounts for utility service in lower amounts or over an extended period of time, or according to another agreed upon schedule;
   2. (B) defer the payment of current or past due amounts for utility service to some future date; or
   3. (C) receive a forbearance with respect to the payment of certain amounts owed.

As added by P.L.36-2026, SEC.7.