§3481. Definitions
As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings.
[PL 2019, c. 478, Pt. B, §1 (NEW).]
1.
Bid rate.
"Bid rate" means the rate proposed under a qualified bid for the output of a distributed generation resource in response to a competitive procurement solicitation.
[PL 2019, c. 478, Pt. B, §1 (NEW).]
2.
Clearing price.
"Clearing price" means the highest bid rate accepted by the commission for a procurement under this chapter.
[PL 2019, c. 478, Pt. B, §1 (NEW).]
3.
Commercial or institutional customer.
"Commercial or institutional customer" means a nonresidential customer of an investor‑owned transmission and distribution utility in the State.
[PL 2019, c. 478, Pt. B, §1 (NEW).]
4.
Credit rate.
"Credit rate" means the per‑kilowatt‑hour rate used to calculate the monetary value of a distributed generation resource. The credit rate is equal to the per‑kilowatt‑hour rate in the long‑term contracts entered into between a standard buyer or a transmission and distribution utility and a project sponsor and must be the same for all subscribers of a particular shared distributed generation resource.
[PL 2019, c. 478, Pt. B, §1 (NEW).]
5.
Distributed generation resource.
"Distributed generation resource" means an electric generating facility with a nameplate capacity of less than 5 megawatts that uses a renewable fuel or technology under section 3210, subsection 2, paragraph B‑3 and is located in the service territory of a transmission and distribution utility in the State.
[PL 2019, c. 478, Pt. B, §1 (NEW).]
6.
Energy storage system
"Energy storage system" means a commercially available technology that uses mechanical, chemical or thermal processes for absorbing energy and storing it for a period of time for use at a later time.
[PL 2019, c. 478, Pt. B, §1 (NEW).]
7.
Investor-owned transmission and distribution utility.
"Investor-owned transmission and distribution utility" has the same meaning as in section 3104, subsection 1, paragraph A.
[PL 2019, c. 478, Pt. B, §1 (NEW).]
8.
Kilowatt.
"Kilowatt" means 1,000 watts, measured in alternating current.
[PL 2019, c. 478, Pt. B, §1 (NEW).]
9.
Kilowatt-hour.
"Kilowatt‑hour" means one kilowatt of power sustained for one hour.
[PL 2019, c. 478, Pt. B, §1 (NEW).]
10.
Megawatt.
"Megawatt" means 1,000,000 watts, measured in alternating current. When used in reference to a generation resource, a megawatt is measured by the generator's nameplate capacity.
[PL 2019, c. 478, Pt. B, §1 (NEW).]
11.
Nameplate capacity.
"Nameplate capacity" means the installed or rated capacity of a power generator.
[PL 2019, c. 478, Pt. B, §1 (NEW).]
12.
Offer.
"Offer" means a proposal to install and operate a distributed generation resource of a specified capacity in exchange for a contract with a standard buyer designated pursuant to section 3483.
[PL 2019, c. 478, Pt. B, §1 (NEW).]
13.
Output.
"Output" means energy, capacity, renewable energy certificates and all other environmental attributes and market products that are available or may become available from a distributed generation resource.
[PL 2019, c. 478, Pt. B, §1 (NEW).]
14.
Project sponsor.
"Project sponsor" means an entity or its successor or assignee that owns or operates:
A.
A shared distributed generation resource on behalf of subscribers; or
[PL 2019, c. 478, Pt. B, §1 (NEW).]
B.
A commercial or institutional distributed generation resource.
[PL 2019, c. 478, Pt. B, §1 (NEW).]
[PL 2019, c. 478, Pt. B, §1 (NEW).]
15.
Qualified bid.
"Qualified bid" means a bid to supply the output from a distributed generation resource that the commission determines meets the minimum qualification requirements established by rule.
[PL 2019, c. 478, Pt. B, §1 (NEW).]
16.
Rate.
"Rate" means a price per kilowatt‑hour of delivered energy as measured by a revenue grade meter, as defined by the commission by rule, at a distributed generation resource's point of connection to the electric grid.
[PL 2019, c. 478, Pt. B, §1 (NEW).]
17.
Shared distributed generation resource.
"Shared distributed generation resource" means a distributed generation resource that is selected in a procurement under section 3486 the beneficial use of the output of which is owned by or allocated to subscribers.
[PL 2019, c. 478, Pt. B, §1 (NEW).]
18.
Subscriber.
"Subscriber" means a retail customer of a transmission and distribution utility that owns or has the right to a subscription and that has identified an account to which the subscription is attributed.
[PL 2019, c. 478, Pt. B, §1 (NEW).]
19.
Subscription.
"Subscription" means a proportional interest in a shared distributed generation resource. Each subscription must be sized to represent at least one kilowatt of the resource's generating capacity.
[PL 2019, c. 478, Pt. B, §1 (NEW).]
SECTION HISTORY
PL 2019, c. 478, Pt. B, §1 (NEW).