2.6Definitions - F

Facility Flow-Based Methodology: As defined in the ISO OATT.

Fast-Start Resource: A Generator that (1) submits Start-up Bids and/or Minimum Generation Bids in the Day-Ahead or Real-Time Markets, (2) can respond to instructions to start, synchronize to the NYS Power System and inject Energy within thirty (30) minutes, and (3) has a minimum run time of one hour or less.  Fast-Start Resources include but are not limited to Fixed Block Units.

Federal Power Act (“FPA”): The Federal Power Act, as may be amended from time‑to‑time (See 16 U.S.C. § 796 et seq.).

Firm Point‑To‑Point Transmission Service: Transmission Service under this Tariff that is scheduled between specified Points of Receipt and Delivery pursuant to the ISO OATT.  Firm Point‑To‑Point Transmission Service is service for which the Transmission Customer has agreed to pay the Congestion associated with its service.  A Transmission Customer may fix the price of Congestion associated with its Firm Point‑To‑Point Transmission Service by acquiring sufficient TCCs with the same Points of Receipt and Delivery as its Transmission Service.

Firm Transmission Service: Transmission service requested by a Transmission Customer willing to pay Congestion Rent.

First Settlement: The process of establishing binding financial commitments on the part of Customers participating in the Day‑Ahead Market based on Day‑Ahead LBMP.

Fixed Block Unit: A Fast-Start Resource unit that, due to operational characteristics, can only be dispatched in one of two states: either turned completely off, or turned on and run at a fixed capacity level.

Fixed Price TCC:  As defined in the ISO OATT.

Forced Outage:  An unscheduled inability of a Market Participant’s Generator to produce Energy that does not meet the notification criteria to be classified as a scheduled outage or de-rate as established in ISO Procedures.  If the Forced Outage of a Generator starts on or after May 1, 2015, the Forced Outage will expire at the end of the month which contains the 180th day of its Forced Outage but may be extended if the Market Participant has Commenced Repair of its Generator.