Intelligence vocabulary.

The transfer capability remaining in the physical transmission network for further commercial activity over and above already committed uses.

PJM's primary capacity auction, conducted three years in advance of the delivery year to procure capacity commitments.

Rights that permit a generator to participate in PJM's capacity market with a Capacity Resource designation.

MISO's cluster-based interconnection study process replacing serial queue analysis.

Interconnection service that allows a generator to deliver energy as available, without capacity rights.

Market design (used by ERCOT) where generators are compensated solely through energy and ancillary services prices, with no separate capacity payment.

ERCOT term for a transmission limitation modeled at an aggregate level rather than a single line, often binding in import-constrained regions.

Long-range utility plan filed with the regulator describing how the utility will meet forecast demand.

The marginal cost of supplying the next increment of energy at a specific grid location, reflecting energy, congestion, and losses.

MISO's multi-tranche regional transmission expansion plan; Tranches 1 and 2 represent the largest combined US transmission build cycle in history.

Transmission service used by network customers to integrate, plan, and deliver bundled retail load.

Higher-tier interconnection service that supports capacity-resource designation in markets that recognize it.

ERCOT scarcity pricing mechanism that adjusts the energy price upward as operating reserves tighten.

Proposed ERCOT reliability construct that would compensate generators for performance during scarcity hours.

The amount of generation capacity above forecast peak demand a system must hold to meet reliability standards.

Long-term contract for the sale of electricity, typically used by renewable developers and corporate offtakers.

PJM's annual transmission expansion plan identifying needed system upgrades.

MISO's seasonal capacity auction process used to ensure adequate generation across each season of the planning year.

The realistic elapsed time from site control to the point at which a load or generator can begin operating against grid supply.

An entity that owns, operates, or controls transmission facilities and recovers costs through FERC-regulated tariffs.