Definitions.

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As used in this article 2.3, unless the context otherwise requires:

  1. "Electric utility" means a public utility as defined in section 40-1-103.

  2. "Energy imbalance market" means a real-time bulk power trading market that provides a means for participating electric utilities to purchase and sell unscheduled energy across a geographic region.

  3. "Joint tariff" means a tariff that contains only joint rates, which are rates that applyfor transmission service over the lines or routes of two or more transmission providers, made by an agreement between the transmission providers.

  4. "Power pool" means a system of trading wholesale electricity that determines whichgenerating sets or plants are called to meet demand for power at any particular time and sets the price of power for that period.

  5. "Regional transmission organization" means an independent electric transmission operator that provides wholesale transmission services to more than one provider of electric service within a geographic region by pooling together a number of transmission assets into a single electricity transmission market from which participating electric utilities may purchase wholesale transmission services.

Source: L. 2019: Entire article added, (SB 19-236), ch. 359, p. 3307, § 12, effective May 30.


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