(1)
Advanced transmission conductor— The term advanced transmission conductor means a conductor, including a carbon fiber conductor, a composite core conductor, a superconductor, and any other conductor, that—
(A)
has a direct current electrical resistance at least 10 percent lower than a traditional ACSR conductor of a similar diameter and weight;
(B)
has a potential energy carrying capacity at least 70 percent greater than a traditional ACSR conductor of a similar diameter and weight; and
(C)
has a coefficient of thermal expansion at least 50 percent lower than a traditional ACSR conductor of a similar diameter and weight.
(2)
ASCR conductor— The term ASCR conductor means an aluminum conductor steel-reinforced cable.
(3)
Bulk-power system— The term bulk-power system has the meaning given the term in section 215(a) of the Federal Power Act (
16 U.S.C. 824o(a)).
(4)
Commission— The term Commission means the Federal Energy Regulatory Commission.
(5)
Effective load carrying capability; ELCC—
(A)
In general— The term effective load carrying capability or ELCC means the ability of a generating resource to produce electricity when the grid needs it, measured as the additional load (or perfect replacement capacity) that the system can supply with a particular generator of interest with no net change in reliability.
(B)
Clarification— The additional load (or perfect replacement capacity) referred to in subparagraph (A)—
(i)
may be measured using LOLE, EUE, or other metrics; and
(ii)
may be divided by the nameplate capacity of the generating resource to yield a percentage.
(6)
Electric Reliability Organization— The term Electric Reliability Organization has the meaning given the term in section 215(a) of the Federal Power Act (
16 U.S.C. 824o(a)).
(7)
Electric utility— The term electric utility has the meaning given the term in section 3 of the Federal Power Act (
16 U.S.C. 796).
(8)
Expected unserved energy; EUE— The term expected unserved energy or EUE means the cumulative amount of energy (in megawatt-hours) per year that is not provided to customers due to outages.
(9)
Grid-enhancing technology— The term grid-enhancing technology means any hardware or software that—
(A)
increases the capacity, efficiency, reliability, resilience, or safety of transmission facilities and transmission technologies; and
(B)
is installed in addition to transmission facilities and transmission technologies—
(i)
to give operators of the transmission facilities and transmission technologies more situational awareness and control over the electric grid;
(ii)
to make the transmission facilities and transmission technologies more efficient; or
(iii)
to increase the transfer capacity of the transmission facilities and transmission technologies.
(10)
Independent System Operator— The term Independent System Operator has the meaning given the term in section 3 of the Federal Power Act (
16 U.S.C. 796).
(11)
Integrated resource planning— The term integrated resource planning means modeling and evaluating how projected long-term electricity demands (such as electricity demands over periods of 5, 10, 20, or more years) within a service area can be met with a combination of electric generation resources that best achieve desired metrics, such as metrics relating to reliability, resilience, and cost.
(12)
Loss of load expectation; LOLE—
(A)
In general— The term loss of load expectation or LOLE means the expected number of days per year that the available generation capacity is less than the system load for the applicable power grid region or service area.
(B)
Clarification— As of November 2023, a commonly acceptable value for loss of load expectation is 0.1 days per year, as described in the standard of the North American Electric Reliability Corporation entitled “Planning Resource Adequacy Analysis, Assessment and Documentation” and numbered BAL–502–RF–03.
(13)
National Laboratory— The term National Laboratory has the meaning given the term in section 2 of the Energy Policy Act of 2005 (
42 U.S.C. 15801).
(14)
Planning reserve margin—
(A)
In general— The term planning reserve margin means the quotient, expressed as a percentage, obtained by dividing—
(i)
the difference between—
(I)
deliverable electric system supply capacity for a power grid region or service area; and
(II)
net demand in that power grid region or service area; by
(ii)
net demand in that power grid region or service area.
(B)
Clarification— As of November 2023, a reserve margin falling within the range from 15 percent to 25 percent is typical for a power grid region or service area.
(15)
Power grid— The term power grid means that portion of an Interconnection (as defined in section 215(a) of the Federal Power Act (
16 U.S.C. 824o(a))) that is located within the United States, including the relevant portion of each of the following:
(A)
The Eastern Interconnection.
(B)
The Western Interconnection.
(C)
The Texas Interconnection.
(16)
Power grid region— The term power grid region means a geographic area—
(A)
located within a power grid; and
(B)
for which a regional entity (as defined in subsection (a) of section 215 of the Federal Power Act (
16 U.S.C. 824o)) has enforcement authority under that section.
(17)
Probabilistic modeling—
(A)
In general— The term probabilistic modeling means a modeling approach that uses statistics to simulate and quantify the likelihood of achieving desired metrics, taking into consideration all modeled uncertainties, for determination of the optimal resource portfolio, such as a modeling approach consistent with the document of the North American Electric Reliability Corporation entitled “Probabilistic Assessment Technical Guideline Document” and dated August 2016, including the recommendations described in that document.
(B)
Inclusion— The term probabilistic modeling includes modeling that can identify the most important parameters that impact a simulated metric for further characterization or optimization.
(18)
Regional Transmission Organization— The term Regional Transmission Organization has the meaning given the term in section 3 of the Federal Power Act (
16 U.S.C. 796).
(19)
Reliability standard— The term reliability standard has the meaning given the term in section 215(a) of the Federal Power Act (
16 U.S.C. 824o(a)).
(20)
Resource adequacy— The term resource adequacy means the adequate supply and provision of electricity from various electric generation resources to meet projected electricity demands in a particular power grid region or service area.
(21)
Secretary— The term Secretary means the Secretary of Energy.
(22)
Service area— The term service area means the area or region served by—
(B)
a Regional Transmission Organization; or
(C)
an Independent System Operator.
(23)
State regulatory authority— The term State regulatory authority has the meaning given the term in section 3 of the Federal Power Act (
16 U.S.C. 796).