1.16Definitions - P

Part 1: Tariff Section 1 pertaining to Definitions.

Part 2: Tariff Section 2 pertaining to Common Service Provisions.

Part 3: Tariff Section 3 pertaining to Point-To-Point Transmission Service in conjunction with the applicable Common Service Provisions of Part 2 and appropriate Schedules and Attachments.

Part 4: Tariff Section 4 pertaining to Network Integration Transmission Service in conjunction with the applicable Common Service Provisions of Part 2 and appropriate Schedules and Attachments.

Part 5: OATT Section 5 - Special Provisions for retail access and the Individual Retail Access Plans

Party or Parties: The ISO and the Transmission Customer receiving service under the Tariff.

Performance Tracking System:  A system designed to provide quantitative comparisons of actual values versus expected and forecasted values for Generators and Loads (See Rate Schedule 3 of the ISO Services Tariff).  This system will be used by the ISO to measure compliance with criteria associated with the provision of Regulation and Frequency Response Service.

Point(s) of Delivery:  Point(s) on the NYS Transmission System where Capacity, Energy, and Ancillary Services transmitted by the ISO will be made available to the Receiving Party under the ISO Tariffs.  The Point(s) of Delivery shall be specified in the Bid, Bilateral Transaction schedule, or similar entry.  (Same as Point of Withdrawal.)

Point(s) of Injection (“POI”):   The point(s) on the NYS Transmission System where Energy, Capacity and Ancillary Services will be made available to the ISO by the Delivering Party under the ISO Tariffs. The Point(s) of Injection shall be specified in the Bid, Bilateral Transaction schedule, or similar entry.  (Same as Point of Receipt.)

Point(s) of Receipt:  Point(s) of interconnection on the NYS Transmission System where Capacity, Energy, and Ancillary Services will be made available to the ISO by the Delivering Party under the ISO Tariffs.  The Point(s) of Receipt shall be specified in the Bid, Bilateral Transaction schedule, or similar entry. (Same as Point of Injection.)

Point(s) of Withdrawal (“POW”): The point(s) on the NYS Transmission System where Energy, Capacity and Ancillary Services will be made available to the Receiving Party under the ISO Tariffs.  The Point(s) of Withdrawal shall be specified in the Bid, Bilateral Transaction Schedule, or other similar entry.  (Same as Point of Delivery).

Point‑to‑Point Transmission Service: The reservation and transmission of Capacity and Energy on either a firm or non‑firm basis from the Point(s) of Receipt to the Point(s) of Delivery under the ISO Tariffs.

Pool Control Error (“PCE”):  The difference between the actual and scheduled interchange with other Control Areas, adjusted for frequency bias.

Post Contingency:    Conditions existing on a system immediately following a Contingency.

Power Exchange (“PE”): A commercial entity meeting the requirements for service under the ISO OATT or the ISO Services Tariff that facilitates the purchase and/or sale of Energy, Capacity and/or Ancillary Services in the New York Wholesale Market.  A PE may transact with the ISO on its own behalf or as an agent for others.

Power Factor: The ratio of real power to apparent power (the product of volts and amperes, expressed in megavolt‑amperes, MVA).

Power Factor Criteria:   Criteria to be established by the ISO to monitor a Load’s use of Reactive Power.

Power Flow:  A simulation which determines the Energy flows on the NYS Transmission System and adjacent transmission systems.

Power Purchaser:  The entity that is purchasing the Capacity and Energy to be transmitted under the Tariff.

Pre-Scheduled Transaction Request: An offer submitted, pursuant to ISO Procedures, for priority scheduling of Transactions between the ISO and neighboring Control Areas to: (i) purchase Energy from the LBMP Market at the LBMP Market Price and deliver it to an External Control Area; (ii) sell Energy delivered from an External Control Area to the LBMP Market at the LBMP Market Price; or (iii) wheel Energy through the New York Control Area from one External Control Area to another External Control Area at the market-determined Transmission Usage Charge.  Pre-Scheduled Transaction Requests accepted for scheduling reserve Ramp Capacity and Transfer Capability and receive priority scheduling in the LBMP Market.

Pre-Scheduled Transaction.  A Transaction accepted for scheduling in the designated LBMP Market pursuant to a Pre-Scheduled Transaction Request.  Pre-Scheduled Transactions may be withdrawn only with the approval of the ISO pursuant to the ISO Procedures.

Primary Holder:  The Transmission Customer that is the recognized holder of a TCC, as described in Attachment M of this ISO OATT.

Prior Equivalent Capability Period:  The previous same-season Capability Period.

Proxy Generator Bus: A proxy bus located outside the NYCA that is selected by the ISO to represent a typical bus in an adjacent Control Area and for which LBMP prices are calculated. The ISO may establish more than one Proxy Generator Bus at a particular Interface with a neighboring Control Area to enable the NYISO to distinguish the bidding, treatment and pricing of products and services available at the Interface.

PSC:  The Public Service Commission of the State of New York or any successor agency thereto.

PSL: The New York Public Service Law, N.Y. Pub. Serv. Law § 1 et seq. (McKinney 1989 & Supp. 1997‑98).