sunflower.net

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Definitions (312)

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contract receipts


 Purchases based on a negotiated agreement that generally covers a period of 1 or more years.
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firm power


 Power or power-producing capacity intended to be available at all times during the period covered by a guaranteed commitment to deliver, even under adverse conditions.
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standby facility


A facility that supports a utility system and is generally running under no-load. It is available to replace or supplement a facility normally in service.
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accelerated cost recovery system


 A depreciation method used for most property placed into service from 1981 to 1986. This method allowed assets to be depreciated at a faster rate than had been allowed previously. The modified accelerated cost recovery system (MACRS) replaced ACRS for assets placed into service after 1986.
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access charge


 In 1996, the Federal Energy Regulatory Commission (FERC) published rules to establish open access to electric transmission lines as a major step toward electricity deregulation. A provision of those rules established open-access tariffs that would permit companies to recover part of the “stranded” costs represented by investments in their transmis [..]
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acid rain


 Also called acid precipitation or acid deposition, acid rain is precipitation containing harmful amounts of nitric and sulfuric acids formed primarily by nitrogen oxides and sulfur oxides released into the atmosphere when fossil fuels are burned. It can be wet precipitation (rain, snow, or fog) or dry precipitation (absorbed gaseous and particulat [..]
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action committee for rural electrification


 A political action committee that gives financial support to national candidates friendly to rural electric cooperatives.
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administrative and general expenses


 Expenses of an electric utility relating to the overall directions of its corporate offices and administrative affairs, as contrasted with expenses incurred for specialized functions. Examples include office salaries, office supplies, advertising, and other general expenses.
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aggregator


 an entity which aggregates multiple customers for the purpose of negotiating or contracting electricity rates.
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all-requirements power contract


 An agreement by which a distribution system agrees to purchase all its wholesale electric power from a single power supplier; primarily used by rural and municipal electric systems.
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