Critical Asset definition

Critical Asset means facilities, systems, and equipment which, if destroyed, degraded, or otherwise rendered unavailable, would affect the reliability or operability of the Bulk Electric System (as defined by FERC).
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Critical Asset means an “asset” whose theft, loss, damage, disruption, or degradation would result in significant adverse impacts to human life or health, national security, or critical economic assets.9
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Critical Asset shall have the meaning given to it in the NERC Glossary of Terms as of the date of this Agreement.
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Examples of Critical Asset in a sentence

  • Critical Cyber Asset Identification — Using the list of Critical Assets developed pursuant to Requirement R2, the Responsible Entity shall develop a list of associated Critical Cyber Assets essential to the operation of the Critical Asset.

  • Iowa Emergency Response Plan Part B: Iowa Hazard Mitigation Plan Part C: Iowa Disaster Recovery PlanPart D: Iowa Critical Asset Protection Plan (confidential per Iowa Code section 22.7, Confidential records)[ ARC 2328C, IAB 12/23/15, effective 1/27/16] 605—9.2(29C) Part A: Iowa Emergency Response Plan.

  • Iowa Emergency Response Plan Part B: Iowa Hazard Mitigation Plan Part C: Iowa Disaster Recovery PlanPart D: Iowa Critical Asset Protection Plan (confidential per Iowa Code section 22.7, Confidential records) 605—9.2(29C) Part A: Iowa Emergency Response Plan.

  • For example, if a particular transmission substation has been designated a Critical Asset, but there are no Cyber Assets at that transmission substation, then there are no Critical Cyber Assets associated with the Critical Asset at the transmission substation.

  • During construction, conditions changed, and the asset will now be a Critical Asset upon its commissioning.

  • Additionally, the Kentucky Department of Homeland Security is currently working on assessments to other transportation infrastructure using the Automated Critical Asset Management System (ACAMS).

  • The merged Registered Entity has one calendar year from the effective date of the business merger asset acquisition to continue to operate the separate risk-based Critical Asset identification methodology implementation while determining how to either combine the risk-based Critical Asset identification methodologies, or at a minimum, operate separate risk-based Critical Asset identification methodologies under a common Senior Manager and governance structure.

  • Critical Asset Identification — The Responsible Entity shall develop a list of its identified Critical Assets determined through an annual application of the risk-based assessment methodology required in R1.

  • Note that the discussion of the disposition of any NERC Reliability Standard CIP-002 risk-based Critical Asset identification methodology from Scenario 1 above would apply in this case as well.

  • Note that in each case, the predecessor Registered Entities are assumed to already be in compliance with NERC Reliability Standard CIP-002, and have existing risk-based Critical Asset identification methodologies.


More Definitions of Critical Asset

Critical Asset. , for any premises, means any facility, system or equipment which, if damaged or destroyed, may have a debilitating impact on the functioning of the premises;
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Critical Asset shall have the meaning defined in the NERC Glossary of Terms.
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Critical Asset means an Asset identified as such in Schedule 2. Direction includes any agreement, approval, authorisation, certificate, decision, demand, determination, explanation, instruction, notice, order, permission, rejection, request or requirement. Dispute Resolution Procedures means the procedures established under clause 38 to hear and resolve disputes between the parties. Documentation means all software, drawings, plans, specifications, samples, models, patterns, certificates, instruments, licences, agreements, documents evidencing Approvals, operating, maintenance and other manuals, books of account, correspondence, records and other information or data of whatever nature and whether stored by means of paper-writing, magnetic tape, computer disk or otherwise that in all cases relate to or are relevant to activities carried out under this Agreement.
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Critical Asset means facilities, systems, and equipment which, if destroyed, degraded, or otherwise rendered unavailable, would affect the reliability or operability of an institution.
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Critical Asset means an asset for which the financial, business or service level of consequences of failure are sufficiently severe to justify proactive inspection and rehabilitation.
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Related to Critical Asset

  • Critical areas means any of the following areas or ecosystems: wetlands, critical aquifer recharge areas, streams, fish and wildlife habitat conservation areas, frequently flooded areas, and geologically hazardous areas as defined by the Growth Management Act (RCW 36.070A.170).

  • Critical Path means those Trade Contractor Work activities identified on the Construction Schedule which, if delayed, will cause a corresponding Delay in the Substantial Completion Date.

  • Critical infrastructure means existing and proposed systems and assets, whether physical or virtual, the incapacity or destruction of which would negatively affect security, economic security, public health or safety, or any combination of those matters.++

  • Critical group means the group of individuals reasonably expected to receive the greatest exposure to residual radioactivity for any applicable set of circumstances.

  • Critical control point means a point, step, or procedure in a food proc- ess at which control can be applied, and a food safety hazard can as a result be prevented, eliminated, or reduced to acceptable levels.

  • Critical access hospital or “CAH” means a hospital licensed as a critical access hospital by the department of inspections and appeals pursuant to rule 481—51.52(135B).

  • Critical habitat - means the following river reaches and their 100 year floodplains: the Gunnison River downstream of the Uncompahgre River confluence, the Colorado River downstream of the exit 90 north bridge from I-70, the White River downstream of Rio Blanco Dam, the Green River downstream of the Yampa River confluence, and the Yampa River downstream of the Colo 394 bridge.

  • Digital asset means an electronic record in which an individual has a right or interest. The term does not include an underlying asset or liability unless the asset or liability is itself an electronic record.

  • Critical facility means a facility for which even a slight chance of flooding might be too great. Critical facilities include, but are not limited to, schools, nursing homes, hospitals, police, fire and emergency response installations, and installations which produce, use or store hazardous materials or hazardous waste.

  • Critical Test Concentration or "(CTC)" means the specified effluent dilution at which the Permittee is to conduct a single-concentration Aquatic Toxicity Test.

  • Critical Illness means an illness, sickness or a disease or a corrective measure as specified in Section 1 of this Policy.

  • Asset Pool means a pool of cash-flow generating assets in which an issuer of a securitized product has a direct or indirect ownership or security interest;

  • Operationally critical support ’ means supplies or services designated by the Government as critical for airlift, sealift, intermodal transportation services, or logistical support that is essential to the mobilization, deployment, or sustainment of the Armed Forces in a contingency operation.

  • Capital Asset means, with respect to the Borrower and its Subsidiaries, any asset that should, in accordance with GAAP, be classified and accounted for as a capital asset on a Consolidated balance sheet of the Borrower and its Subsidiaries.

  • Specified anatomical areas means and includes:

  • At-home recovery visit means the period of a visit required to provide at home recovery care, without limit on the duration of the visit, except each consecutive four (4) hours in a twenty-four-hour period of services provided by a care provider is one visit.

  • critical functions means activities, services or operations the discontinuance of which is likely in one or more Member States, to lead to the disruption of services that are essential to the real economy or to disrupt financial stability due to the size, market share, external and internal interconnectedness, complexity or cross-border activities of an institution or group, with particular regard to the substitutability of those activities, services or operations;

  • Retail food establishment means an operation that sells or offers to sell food directly to a consumer. Retail food establishment includes both a retail grocery and a food service establishment but does not include a food processing plant.

  • Environmentally critical area means an area or feature which is of significant environmental value, including but not limited to: stream corridors, natural heritage priority sites, habitats of endangered or threatened species, large areas of contiguous open space or upland forest, steep slopes, and well head protection and groundwater recharge areas. Habitats of endangered or threatened species are identified using the Department’s Landscape Project as approved by the Department’s Endangered and Nongame Species Program.