Local Resource Zone definition

Local Resource Zone means each of the smallest geographic areas prescribed by MISO for purposes of addressing congestion that limits Planning Resource (as defined in the MISO Rules) deliverability and/or otherwise for purposes of defining and/or allocating Capacity-Related Benefits. As of the Effective Date, “Local Resource Zone” refers to each Local Resource Zone (as defined in the MISO Rules). If at any time after the Effective Date, MISO sub-divides Local Resource Zones (as defined in the MISO Rules) into smaller geographic areas, “Local Resource Zone”, as used in this Agreement, refers to each of the smallest of such smaller geographic subdivisions.
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Local Resource Zone has the meaning given to such term in the MISO Rules.
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Local Resource Zone has the meaning set forth in the Applicable Market Rules.
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Examples of Local Resource Zone in a sentence

  • Local Resource Zone (LRZ) Allocation – A Local Resource Zone’s percentage allocation of its sub-region’s flow-based benefits as described in Section IV below.

  • Seller shall deliver Capacity into Local Resource Zone 6 (Indiana), as defined by MISO; provided that if the boundaries of Local Resource Zone 6 change after the Effective Date, Seller shall deliver Capacity into the Local Resource Zone that includes Buyer’s Service Territory (“Capacity Delivery Point”).

  • Local Resource Zone (LRZ) Load Ratio Share - The factor calculated as the sum of Actual Energy Withdrawals, Export Schedules and Post-integration Pseudo-tie volume of a Market Participant at all Commercial Pricing Nodes associated with a LRZ divided by the sum of all the Actual Energy Withdrawals, Export Schedules and Post-integration Pseudo-tie volume at all Commercial Pricing Nodes associated with the LRZ.


More Definitions of Local Resource Zone

Local Resource Zone has the meaning given to such term in the MISO Rules. “Losses” means, with respect to any Party, an amount equal to the present value of the economic loss to it, if any (exclusive of Costs), resulting from termination of this Agreement, determined in a commercially reasonable manner.
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Related to Local Resource Zone

  • Natural resources means land, fish, wildlife, biota, air, water, ground water, drinking water supplies, and other such resources belonging to, managed by, held in trust by, appertaining to, or otherwise controlled by the United States or the State.

  • Cultural resources means archaeological and historic sites and artifacts, and traditional religious, ceremonial and social uses and activities of affected Indian tribes.

  • Renewable energy resource means a resource that naturally replenishes over a human, not a geological, time frame and that is ultimately derived from solar power, water power, or wind power. Renewable energy resource does not include petroleum, nuclear, natural gas, or coal. A renewable energy resource comes from the sun or from thermal inertia of the earth and minimizes the output of toxic material in the conversion of the energy and includes, but is not limited to, all of the following:

  • Energy Storage Resource means a resource capable of receiving electric energy from the grid and storing it for later injection to the grid that participates in the PJM Energy, Capacity and/or Ancillary Services markets as a Market Participant. Facilities Study:

  • Public resources means water, fish, and wildlife and in addition means capital improvements of the state or its political subdivisions.

  • Energy Resource means a generating facility that is not a Capacity Resource.