2.20Definitions - T

Tangible Net Worth: The value, determined by the ISO, of all of a Customer’s assets less both: (i) the amount of the Customer’s liabilities and (ii) all of the Customer’s intangible assets, including, but not limited to, patents, trademarks, franchises, intellectual property, and goodwill.

Testing Period: An ISO approved period of time during which a Generator is testing equipment and during which unstable operation prevents the unit from accurately following its base points.

Third Party Transmission Wheeling Agreements ("Third Party TWAs"): A Transmission Wheeling Agreement, as amended, between Transmission Owner or between a Transmission Owner and an entity that is not a Transmission Owner associated with the purchase (or sale) of Energy, Capacity, and/or Ancillary Services for the benefit of an entity that is not a Transmission Owner.  These agreements are listed in Table 1 of Attachment L to the ISO OATT.

Total Transfer Capability ("TTC"): The amount of electric power that can be transferred over the interconnected transmission network in a reliable manner.

Trading Hub: A virtual location in a given Load Zone, modeled as a Generator bus and/or Load bus, for scheduling Bilateral Transactions in which both the POI and POW are located within the NYCA. 

Trading Hub Energy Owner: A Customer who buys energy in a Bilateral Transaction in which the POW is a Trading Hub, or who sells energy in a Bilateral Transaction in which the POI is a Trading Hub. 

Transaction: The purchase and/or sale of Energy or Capacity, or the sale of Ancillary Services.

Transfer Capability: The measure of the ability of interconnected electrical systems to reliably move or transfer power from one area to another over all transmission facilities (or paths) between those areas under specified system conditions.

Transmission Congestion Contract Component (“TCC Component”): A component of the Operating Requirement, calculated in accordance with Section 26.3.2 of Attachment K to this Services Tariff.

Transmission Congestion Contracts ("TCCs"): The right to collect or obligation to pay Congestion Rents in the Day‑Ahead Market for Energy associated with a single MW of transmission between a specified POI and POW.  TCCs are financial instruments that enable Energy buyers and sellers to hedge fluctuations in the price of transmission.

Transmission Customer: Any entity (or its designated agent) that receives Transmission Service pursuant to a Service Agreement and the terms of the ISO OATT.

Transmission District: The geographic area served by the Investor‑Owned Transmission Owners and LIPA, as well as the customers directly interconnected with the transmission facilities of the Power Authority of the State of New York.

Transmission Facilities Under ISO Operational Control: The transmission facilities of the Transmission Owners listed in Appendix A‑1 of the ISO/TO Agreement, "Listing of Transmission Facilities Under ISO Operational Control," that are subject to the Operational Control of the ISO.  This listing may be amended from time‑to‑time as specified in the ISO/TO Agreement.

Transmission Facilities Requiring ISO Notification: The transmission facilities of the Transmission Owners listed in Appendix A‑2 of the ISO/TO Agreement, ("Listing of Transmission Facilities Requiring ISO Notification") whose status of operation must be provided to the ISO by the Transmission Owners (for the purposes stated in the ISO Tariffs and in accordance with the ISO Tariffs and ISO/TO Agreement) prior to the Transmission Owners making operational changes to the state of these facilities.  This listing may be amended from time‑to‑time as specified in the ISO/TO Agreement.

Transmission Facility Agreement: The agreements listed in Attachment L, Table 2 of the ISO OATT governing the use of specific or designated transmission facilities charges all, or a portion, of the costs to install, own, operate, or maintain said transmission facilities, to the customer under the agreement.  These agreements may or may not have provisions to provide Transmission Service utilizing said transmission facilities.

Transmission Fund ("T‑Fund"): The mechanism used under the current NYPP Agreement to compensate the Member Systems for providing Transmission Service for economy Energy Transactions over their transmission systems.  Each Member System is allocated a share of the economy Energy savings in dollars assigned to the fund that is based on the ratio of their investment in transmission facilities to the sum of investments in transmission and generation facilities.

Transmission Owner: The public utility or authority (or its designated agent) that owns facilities used for the transmission of Energy in interstate commerce and provides Transmission Service under the Tariff.

Transmission Owner’s Monthly Transmission System Peak: The maximum hourly firm usage as measured in megawatts (“MW”) of the Transmission Owner’s transmission system in a calendar month. 

Transmission Reliability Margin (“TRM”): The amount of TTC reserved by the ISO to ensure the interconnected transmission network is secure under a reasonable range of uncertainties in system conditions. 

Transmission Service: Point‑To‑Point Network Integration or Retail Access Transmission Service provided under the ISO OATT. 

Transmission Service Charge (“TSC”): A charge designed to ensure recovery of the embedded cost of a Transmission Owner’s transmission system. 

Transmission Shortage Cost: The maximum reduction in system costs resulting from an incremental relaxation of a particular Constraint that will be used in calculating LBMP.  The Transmission Shortage Cost is set at $4000/MWh.

Transmission System: The facilities operated by the ISO that are used to provide Transmission Services under the ISO OATT.

Transmission Usage Charge (“TUC”): Payments made by the Transmission Customer to cover the cost of Marginal Losses and, during periods of time when the transmission system is constrained, the marginal cost of Congestion.  The TUC is equal to the product of:  (1) the LBMP at the POW minus the LBMP at the POI (in $/MWh); and (2) the scheduled or delivered Energy (in MWh).

Transmission Wheeling Agreement (“TWA”): The Agreements listed in Tables 1A and 1B of Attachment L to the ISO OATT governing the use of specific or designated transmission facilities that are owned, controlled or operated by an entity for the transmission of Energy in interstate commerce.