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    Backup Supply Service

    The interconnected operations service that provides the needed capacity and energy to transmission customers to replace the loss of generation and to cover the portion of demand that exceeds generation supplies for more than a short period

    Baseload

    The minimum amount of electricity delivered or required over a specific time period at a steady rate

    Baseload Capacity

    The generating equipment that is normally operated to meet demand on a 24-hour basis

    Baseload Plant

    A physical plant that normally operates continuously to take all or part of the minimum load of a system and that consequently generates electricity at an essentially constant rate

    Bilateral Contract

    The ability of a retail customer to purchase power supplies and/or transmission services directly from a supplier without going through a local utility; in electric restructuring, such a contract could establish the price for electricity over a specified duration and thus remove the risk associated with buying and selling into a spot market

    Bilateral Market

    Buying and selling electricity based on contractual agreements (in contrast to a poolco)

    Bulk Power Market

    Buying and selling large amounts of power for resale by electric utilities

    Bulk Power System

    An electric system's generation resources, system control and high voltage transmission components

    Buy Through

    An agreement with a customer that a utility will import electricity to avoid service interruptions

    Capacity

    The rated, continuous load-carrying ability of generation, transmission or other electrical equipment (expressed in megawatts, megavolt-amperes or megavolt-amperes-reactive)

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