Glossary

The legislation passed by the US Congress requiring electric utilities to provide access to their transmission and increasing wholesale competition in order to reduce the price of electricity for all customers

Federal regulations that promulgate a single set of air emissions reduction targets instead of multiple targets for every emissions source within a plant

See "Financial Transmissions Rights"

A component of a transmission system (or several systems) that becomes separated from its interconnection because of the disconnection or failure of elements within the system

A transmission line that connects two control areas or regions

An entity that enables a customer to reduce consumption, and that typically splits the cost savings

Provider of last resort

An unexpected failure or outage of a system that may include single or multiple components and may lead to simultaneous component outages

The independent system operator that manages a region's transmission grid

Charging customers for electric usage, based on the bloc of time (generally on-peak, mid-peak or off-peak) it is consumed