2.14Definitions - N

Native Load Credit Requirement: The amount of credit support required to purchase Energy, Ancillary Services, and Capacity to meet the reliable electric needs of Native Load Customers.

Native Load Customers: The wholesale and retail power customers of the Transmission Owners on whose behalf the Transmission Owners, by statute, franchise, regulatory requirement, or contract, have undertaken an obligation to construct and operate the Transmission Owners' systems to meet the reliable electric needs of such customers.

Neptune Scheduled Line: A transmission facility that interconnects the NYCA to the PJM Interconnection LLC Control Area at Levittown, Town of Hempstead, New York and terminates in Sayerville, New Jersey.

NERC: The North American Electric Reliability Council or, as applicable, the North American Electric Reliability Corporation.

Net Auction Revenue: The total amount, in dollars, as calculated pursuant to Section Part 17.5.3.1 of Attachment B, remaining after collection of all charges and allocation of all payments associated with a round of a Centralized TCC Auction or a Reconfiguration Auction.  Net Auction Revenue takes into account: (i) revenues from and payments for the award of TCCs in a Centralized TCC Auction or Reconfiguration Auction, (ii) payments to Transmission Owners releasing ETCNL, (iii) payments or charges to Primary Holders selling TCCs, (iv) payments to Transmission Owners releasing Original Residual TCCs, (v) O/R-t-S Auction Revenue Surplus Payments and U/D Auction Revenue Surplus Payments, and (vi) O/R-t-S Auction Revenue Shortfall Charges and U/D Auction Revenue Shortfall Charges.  Net Auction Revenue may be positive or negative.

Net Congestion Rent: The total amount, in dollars, as calculated pursuant to Section 17.5.2.1 of Attachment B, remaining after collection of all Congestion-related charges and allocation of all Congestion-related payments associated with the Day-Ahead Market.  Net Congestion Rent takes into account: (i) charges and payments for Congestion Rents, (ii) settlements with TCC Primary Holders, (iii) O/R-t-S Congestion Rent Shortfall Charges and U/D Congestion Rent Shortfall Charges, and (iv) O/R-t-S Congestion Rent Surplus Payments and U/D Congestion Rent Surplus Payments.  Net Congestion Rent may be positive or negative.

Network Integration Transmission Service: The Transmission Service provided under Part 4 of the ISO OATT.

New York City: The electrical area comprised of Load Zone J, as identified in the ISO Procedures.

New York Control Area (“NYCA”): The Control Area that is under the control of the ISO which includes transmission facilities listed in the ISO/TO Agreement Appendices A‑1 and A‑2, as amended from time‑to‑time, and generation located outside the NYS Power System that is subject to protocols (e.g., telemetry signal biasing) which allow the ISO and other Control Area operator(s) to treat some or all of that generation as though it were part of the NYS Power System.

New York Power Pool (“NYPP”): An organization established by agreement (the “New York Power Pool Agreement”) made as of July 21, 1966, and amended as of July 16, 1991, by and among Central Hudson Gas & Electric Corporation, Consolidated Edison Company of New York, Inc., Long Island Lighting Company, New York State Electric & Gas Corporation, Niagara Mohawk Power Corporation, Orange and Rockland Utilities, Inc., Rochester Gas and Electric Corporation, and the Power Authority of the State of New York.  LIPA became a Member of the NYPP on May 28, 1998 as a result of the acquisition of the Long Island Lighting Company by the Long Island Power Authority.

New York State Power System (“NYS Power System”): All facilities of the NYS Transmission System, and all those Generators located within the NYCA or outside the NYCA, some of which may from time-to-time be subject to operational control by the ISO.

New York State Reliability Council ("NYSRC"): An organization established by agreement among the Member Systems to promote and maintain the reliability of the NYS Power System.

New York State Reliability Council Agreement ("NYSRC Agreement"): The agreement which established the NYSRC.

New York State Transmission System ("NYS Transmission System"): The entire New York State electric transmission system, which includes: (1) the Transmission Facilities Under ISO Operational Control; (2) the Transmission Facilities Requiring ISO Notification; and (3) all remaining transmission facilities within the NYCA.

Non-Competitive Proxy Generator Bus: (a) The Proxy Generator Bus(es) for the Hydro Quebec Control Area; (b) the Proxy Generator Bus associated with the Dennison Scheduled Line; and (c) any other Proxy Generator Bus(es) for an area outside of the New York Control Area that have been identified by the ISO as characterized by non-competitive Import or Export prices, and that have been approved by the Commission for designation as a Non-Competitive Proxy Generator Bus(es).

Non‑Firm‑Point‑To‑Point Transmission Service: Point‑To‑Point Transmission Service under the Tariff for which a Customer is not willing to pay Congestion.  Such service is available absent constraint under Part 3 of the ISO OATT.  Non‑Firm‑Point‑To‑Point Transmission Service is available on a stand‑alone basis for individual one‑hour periods not to exceed twenty‑four (24) consecutive hours.

Non-Investment Grade Customer: A Customer that does not meet the criteria necessary to be an Investment Grade Customer, as set forth in Section 26.2 of Attachment K to this Services Tariff.

Non‑Utility Generator ("NUG," "Independent Power Producer" or "IPP"): Any entity that owns or operates an electric generating facility that is not included in an electric utility’s rate base.  This term includes, but is not limited to, cogenerators and small power producers and all other non‑utility electricity producers, such as exempt wholesale Generators that sell electricity.

Normal State: The condition that the NYS Power System is in when the Transmission Facilities Under ISO Operational Control are operated within the parameters listed for Normal State in the Reliability Rules.  These parameters include, but are not limited to, thermal, voltage, stability, frequency, operating reserve and Pool Control Error limitations.

Normal Upper Operating Limit (UOLn): The upper operating limit that a Generator indicates it expects to be able to reach, or the maximum amount of demand that a Demand Side Resource expects to be able to reduce, during normal conditions.  Each Resource will specify its UOLn in its Bids.  A Normal Upper Operating Limit may be submitted as a function depending on one or more variables, such as temperature or pondage levels, in which case the Normal Upper Operating Limit applicable at any time shall be determined by reference to that schedule.

Northport-Norwalk Scheduled Line: A transmission facility that originates at the Northport substation in New York and interconnects the NYCA to the ISO New England Control Area at the Norwalk Harbor substation in Connecticut.

NPCC: The Northeast Power Coordinating Council.

NRC: The Nuclear Regulatory Commission or any successor thereto.

NYCA Installed Reserve Margin: The ratio of the amount of additional Installed Capacity required by the NYSRC in order for the NYCA to meet NPCC reliability criteria to the forecasted NYCA upcoming Capability Year peak Load, expressed as a decimal.

NYCA Minimum Installed Capacity Requirement: The requirement established for each Capability Year by multiplying the NYCA peak Load forecasted by the ISO by the quantity one plus the NYCA Installed Reserve Margin.

NYCA Minimum Unforced Capacity Requirement: The Unforced Capacity equivalent of the NYCA Minimum Installed Capacity Requirement.

NYPA: The Power Authority of the State of New York.

NYPA Tax‑Exempt Bonds: Obligations of the New York Power Authority, the interest on which is not included in gross income under the Internal Revenue Code.