Code of Maine Rules › 65 - DEPARTMENT OF PUBLIC UTILITIES COMMISSION › 407 - PUBLIC UTILITIES COMMISSION › Chapter 316 - LONG-TERM CONTRACTING AND RESOURCE ADEQUACY › Section 407-316-3 - DEFINITIONS

Current through 2024-29, July 17, 2024
A.
Capacity Resource
. "Capacity
				resource" means any renewable capacity resource, nonrenewable capacity resource
				or interruptible, demand response or energy efficiency capacity
				resource.
B.
Commission
. "Commission" means the Maine Public Utilities
				Commission.
C.
Contract for
				Differences
. "Contract for differences" means a contractual arrangement
				between a buyer and a seller in which cash payments are made based on the
				actual or relative difference between a target price for energy or a capacity
				resource and the market value of the energy or capacity resource. Under a
				contract for differences, the seller pays to the buyer the positive difference
				between the market value and the target price and the buyer pays to the seller
				the negative difference between the market value and the target price.
				"Contract for differences" does not include a contract for the physical
				delivery of energy or capacity resources.
D.
FERC
. "FERC" means the
				Federal Energy Regulatory Commission.
E.
Financial Transaction
.
				"Financial transaction" means a contractual arrangement between a program
				participant and a transmission and distribution utility in which money is
				exchanged among the contracting parties, rather than a physical delivery of the
				capacity, energy or renewable energy credit commodity, and which results in the
				same or similar financial consequences as a physical transaction.
F.
GIS
. "GIS" means the NEPOOL
				Generation Information System or successor system.
G.
GIS Certificates
. "GIS
				certificates" mean certificates created pursuant to the NEPOOL Generation
				Information System that represent attributes of electric power and that may be
				traded separately from the energy commodity.
H.
Interruptible, demand response or
				energy efficiency capacity resource
. "Interruptible, demand response or
				energy efficiency capacity resource" means a resource that has demand response,
				interruptible or energy efficiency capacity recognized by the
				Commission.
I.
ISO-NE
.
				"ISO-NE" means the Independent System Operator of the New England bulk power
				system or successor organization.
J.
NERC
. "NERC" means the North
				American Electric Reliability Council or successor organization.
K.
New
. "New" as applied to any
				capacity resource means a capacity resource that:
1. has an in-service date after September 1,
				2005;
2. was added to an existing
				facility after September 1, 2005;
3. for at least 2 years was not operated or
				was not recognized by the New England independent system operator as a capacity
				resource and, after September 1, 2005, resumed operation or was recognized by
				the New England independent system operator as a capacity resource;
				or
4. was refurbished after
				September 1, 2005 and is operating beyond its previous useful life or is
				employing an alternate technology that significantly increases the efficiency
				of the generation process.