Crossword puzzle clue "in its current state"

In its current state

One that creates a current in the current

It turns direct current into alternating current

Device for converting alternating current into direct current

Current assets minus current liabilities

Its state song is the creatively titled "The Song of [that state]"

Only U.S. state in which the name of the state and its capital share no letters: Abbr.

Illinois, Indiana, Iowa, Michigan, Michigan State, Minnesota, Northwestern, Ohio State, Penn State, Purdue and Wisconsin