Business and Regulation

Over-the-counter

Over-the-counter, OTC, refers to the trading of co

Performance-based regulation

Performance-based regulation, commonly called PBR,

Power pool

A power pool is an entity that handles scheduling

Price risk

Price risk is the possibility that a commodity pri

Prosumer

A prosumer is an electricity customer that both co

Public Utility Regulatory Policies Act

The first move toward restructuring of U.S. electr

Qualifying facility

In 1978, the U.S. Congress passed PURPA, which con

Rate design (electric)

Rate design is the process of determining how auth

Rate design (natural gas)

Rate design refers the process of determining how

Rate of return

Cost-of-service ratemaking sets rates based on for

Ratemaking

Ratemaking is the process of determining rates for

Real power

Most appliance and consumer equipment manufacturer

Red tag

A red tag is a notice placed on a customer facilit

Regional Transmission Operator (RTO)

An RTO is a formal designation by the U.S. Federal

Regulation: Federal

Federal regulation of the natural gas and electric

Regulation: State

In many states, it was the Railroad Commission tha

Regulator

A regulator is a governmental agency that sets the

Regulatory compact

The relationship between regulators and utilities

Regulatory process

Rates and rules for regulated services are establi

Reliability

Reliability is a measure of the electric or natura