65- 407 C.M.R. ch. 316, § 3

Current through 2024-46, November 13, 2024

Section 407-316-3 - DEFINITIONS

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.

L.NBSO. "NBSO" means the New Brunswick System Operator or successor organization.

M.NMISA. "NMISA" means the Northern Maine Independent System Administrator or successor organization.

N.Nonrenewable capacity resource. "Nonrenewable capacity resource" means an electric generation resource other than a renewable capacity resource.

O.NPCC. "NPCC" means the Northeast Power Coordinating Council or successor organization.

P.Renewable capacity resource. "Renewable capacity resource" means a renewable resource, as defined in Maine Revised Statutes, Title 35-A, section 3210, subsection 2, paragraph C, except "renewable capacity resource" does not include:

1. a generator fueled by municipal solid waste in conjunction with recycling; or

2. a hydroelectric generator unless it meets all state and federal fish passage requirements applicable to the generator.

Q.Renewable energy credit. "Renewable energy credit" means a tradable instrument that represents an amount of electricity generated from resources that are eligible to satisfy the portfolio requirements in Maine or the other New England states. For purposes of this Chapter, renewable energy credit means either a GIS certificate, or a tradable instrument that represents the attributes of electric power generated in the region of the State administered by the NMISA that is authorized by the Commission through order.

65- 407 C.M.R. ch. 316, § 3