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    Pancaking

    Paying multiple charges to more than one utility to move (wheel) electric power across bulk-power systems (also called pancaked rates)

    Parallel Path Flow

    The difference between scheduled and real power flows on a transmission path, assuming zero inadvertent interchange (also called loop flow, unscheduled power flow, or circulating power flow)

    Peak Load

    The electric load corresponding to a maximum level of electric demand in a specified period (also called peak demand)

    Planning Reserve

    The difference between a utility's electric generating capacity (usually expressed in MW) and anticipated peak load; Operating Reserve is a subset of Planning Reserve

    Plantwide Applicability Limits (PALs)

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

    POLR

    Provider of last resort

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