Service through a permanent connection not normally used but available in lieu of, or as a supplement to, the usual source of supply. Generating and power quality assurance services provided by a supplier to customers who rely on service or equipment which may not be as available or reliable as needs dictate. Typically, standby or backup service is sold by a utility to another utility or generator, such as an industrial cogenerator, to assure continuation of service during maintenance and emergency outage. Stranded Benefits - Benefits associated with regulated retail electric service which may be at risk under open market retail competition. Examples are conservation programs, fuel diversity, reliability of supply, and tax revenues based on utility reserves.
Examples are undepreciated generating facilities, deferred costs, and long-term contract costs.
The Southwest Regional Transmission Association. Transition Costs - See Embedded Costs Exceeding Market Prices. In the electric industry, it refers to the historically common arrangement whereby a utility would own its own generating plants, transmission system and distribution lines to provide all aspects of electric service. Volt - The potential difference between two points. Wheeling - The transmission of electricity by an entity that does not own or directly use the power it is transmitting.