Common use of Transmission Owner Clause in Contracts

Transmission Owner. An entity that owns, controls and operates facilities in New York State used for the transmission of Energy in interstate commerce. A Transmission Owner must own, individually or jointly, at least 100 circuit miles of 115 kV or above in New York State and has become a signatory to the ISO/TO Agreement. Transmission Service. Point-To-Point Network Integration or Retail Access Transmission Service provided under the ISO OATT. Transmission Service Charge (“TSC”). A charge under the ISO OATT designed to ensure recovery of the embedded cost of a Transmission Owner’s transmission system. Transmission System. The facilities operated by the ISO that are used to provide Transmission Services under the ISO OATT. Transmission Usage Charge (“TUC”). Payments made by the Transmission Customer to cover the cost of Marginal Losses and, during periods of time when the transmission system is constrained, the marginal cost of Congestion. The TUC is equal to the product of: (1) the LBMP at the POW minus the LBMP at the POI (in $/MWh); and (2) the scheduled or delivered Energy (in MWh). Transmission Wheeling Agreement (“TWA”). The agreements listed in Table 1 of Attachment L to the ISO OATT governing the use of specific or designated transmission facilities that are owned, controlled or operated by an entity for the transmission of electric Energy in interstate commerce.