Contingency Reserves definition

Contingency Reserves shall have the meaning set forth in the NERC Glossary of Terms.
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Contingency Reserves means, collectively, the four line items included in other accrued liabilities on a balance sheet of the Business specified as "Other-U.S.A.", "Other-Foreign", "Contingency-D-M-E U.S.A." and "Contingency-D-M-E of Canada".
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Contingency Reserves shall have the meaning set forth in the North American Electric Reliability Corporation Glossary of Terms.
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Examples of Contingency Reserves in a sentence

  • Each Responsible Entity will have the following documentation to show compliance with Requirement R2:• a dated Operating Process;• evidence to indicate that the Operating Process has been reviewed and maintained annually; and,• evidence such as Operating Plans or other operator documentation that demonstrate that the entity determines its Most Severe Single Contingency and that Contingency Reserves equal to or greater than its Most Severe Single Contingency are included in this process.R3.

  • After the final accounting, OPM will place any surplus demonstration project premiums in the regular Contingency Reserves of all carriers continuing in the FEHB Program for the contract year following the year in which the demonstration project ends.

  • The Balancing Authority minimum Regulating Reserve is equal to an amount necessary to maintain compliance with control performance standards while scheduling all Contingency Reserves to other Balancing Authorities.

  • Each Responsible Entity will have the following documentation to show compliance with Requirement R2:• a dated Operating Process;• evidence to indicate that the Operating Process has been reviewed and maintained annually; and,• evidence such as Operating Plans or other operator documentation that demonstrate that the entity determines its Most Severe Single Contingency and that Contingency Reserves equal to or greater than its Most Severe Single Contingency are included in this process.

  • Customers who self-supply Generation Contingency Reserves will not be charged for Spinning and Supplemental Reserves under this schedule.

  • Base “Available Earnings” on actual current period earnings of the fund calculated on the Actuarial Value of Assets as determined under the Board’s funding policy, plus the balance in the Undistributed Earnings and Contingency Reserves.

  • This Criteria establishes standard terminology and minimum requirements governing the amount and availability of Contingency Reserves to be maintained by the distribution of Operating Reserve responsibility among members of the SPP Reserve Sharing Group.

  • The unassigned fund balance of the General Fund, which includes the Emergency and Contingency Reserves, shall be maintained at a level not less than 5% of the General Fund operating expenditures less debt service.

  • EIM Reserves to Meet NERC/WECC Contingency Reserves Requirements consists of any capacity that an EIM Entity Scheduling Coordinator has designated, in the EIM Resource Plan, as necessary to meet its NERC/WECC contingency reserves requirements in the applicable Trading Hour and which does not overlap with capacity designated in other parts of the EIM Resource Plan specified in Section 29.34(e)(3) of the CAISO Tariff, which may include operating reserves.

  • RTM will protect the participating resource EIM Upward Available Balancing Capacity, EIM Downward Available Balancing Capacity, and EIM Reserves to Meet NERC/WECC Contingency Reserves Requirementsnot to be dispatched to meet EIM footprint energy needs.


More Definitions of Contingency Reserves

Contingency Reserves are those reserves provided by Port Xxxxxxxx under this Agreement for purposes of providing reserves for BPA’s firm power loads within the region, as provided for in the Northwest Power Act.
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Contingency Reserves means all reserve funds, other than replacement reserves, in an association's reserves accounts, including but not limited to reserves for:
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Contingency Reserves means Contingency Reserves as defined by the WSCC, which consists of both Spinning and Non-Spinning Reserves with at least fifty percent (50%) of the Contingency Reserves being Spinning Reserves.
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Related to Contingency Reserves

  • Contingency means the identified and possible or already occurred fault of an element, including not only the transmission system elements, but also significant grid users and distribution network elements if relevant for the transmission system operational security;

  • Primary Reserve means the total reserve capability of generation resources that can be converted fully into energy or Demand Resources whose demand can be reduced within ten minutes of a request from the Office of the Interconnection dispatcher, and is comprised of both Synchronized Reserve and Non-Synchronized Reserve.

  • Reserve Fund means the account designated as such, and established and maintained pursuant to Section 4.01.

  • Operating Reserve means generation capacity or load reduction capacity which can be called upon on short notice by either Party to replace scheduled energy supply which is unavailable as a result of an unexpected outage or to augment scheduled energy as a result of unexpected demand or other contingencies.