Common use of LBMP Markets Clause in Contracts

LBMP Markets. A term that collectively refers to both the Real-Time Market and the Day-Ahead Market. LBMP Transition Period Payments (“LTPP”). Fixed monthly payments, as detailed in Attachment K of the ISO OATT, made between or among the Investor-Owned Transmission Owners to mitigate transmission cost-shifting as the competitive market is introduced for Energy and transmission pricing. LIPA Tax-Exempt Bonds. Obligations issued by the Long Island Power Authority, the interest on which is not included in gross income under the Internal Revenue Code.