Functional separation definition
Functional separation means separating the costs of the electric company’s business functions and recording the results within its accounting records, including allocation of common costs.
Functional separation means organisational separation of business units supplying upstream and downstream services together with associated controls to ensure that the units operate in practice on an “arm’s length” basis. It does not of itself require different legal ownership, as would result from “structural separation”.
Functional separation means the formation of a separate business unit by an electric or gas public utility for purposes of offering competitive services permitted by N.J.S.A. 48:3-55(f) or N.J.S.A. 48:3-58(b) of the Act, which separate business unit shall be a related competitive business segment of an electric public utility or gas public utility as defined in this section and in the Act.
Examples of Functional separation in a sentence
Separation Control Appropriate measures ensuring that data collected for different purposes can be processed separately: • Personal data of different controllers shall be processed separately; • Functional separation between test and production systems is employed.
Functional separation may be more obvious when different bodies or officials are responsible for risk assessment and risk management tasks.
More Definitions of Functional separation
Functional separation means requiring an incumbent operator to put the management of a local access network into an independent company within the parent company and allowing other operators fair access to the network.
Functional separation means separating the costs of the electric company's