| Term | Description |
|---|
| FERC | TheFederal Energy Regulation Commission, or FERC, is an independent agency that regulates the interstate transmission of electricity, natural gas, and oil. FERC also reviews proposals to build liquefied natural gas (LNG) terminals and interstate natural gas pipelines as well as licensing hydropower projects. The Energy Policy Act of 2005 gave FERC additional responsibilities as outlined in FERC's Top Priorities and updated Strategic Plan. |
| Final Adjustment Charge | Final adjustment charge is the cost difference between Interim and Final settlement. Final settlement occurs 7 months after the month of consumption. |
| Final Settlement Run | The Final Settlement Run is seven months after the initial. |
| Force Majeure | A suspension of the energy market by the system controller pursuant to the rules of the Power Pool, as amended, restated or replaced from time to time. |
| Forward Contract | A Forward Contract is the portion of the monthly consumption that is based on a prepurchased fixed price. |
| Forward Contract Charge | Allocated Forward Contract charges for energy. |
Glossary