A ABOITIZ POWER CORPORATION Glossary of Terms ...
A ABOITIZ POWER CORPORATION Glossary of Terms ...
A ABOITIZ POWER CORPORATION Glossary of Terms ...
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A<br />
A<br />
AEV, the Company, the<br />
Issuer, or the Registrant<br />
AboitizPower Group<br />
AboitizPower Group or<br />
AP Group<br />
Abovant or AHI<br />
AC<br />
Accuria<br />
Adventenergy<br />
AESI<br />
AEV Group<br />
Affiliate<br />
Aggregator<br />
ALD<br />
Ambuklao-Binga<br />
Hydroelectric Power<br />
Complex<br />
Ancillary Services<br />
Agreement or ASA<br />
Ancillary Services or AS<br />
Ancillary Services<br />
Provider or ASP<br />
APRI<br />
ARI<br />
ASPA<br />
Aboitiz Equity Ventures, Inc.<br />
Aboitiz Power Corporation<br />
Aboitiz Power Corporation and its Subsidiaries<br />
<strong>ABOITIZ</strong> <strong>POWER</strong> <strong>CORPORATION</strong><br />
<strong>Glossary</strong> <strong>of</strong> <strong>Terms</strong>, Abbreviations and Acronyms<br />
Abovant Holdings, Inc.<br />
Alternating Current<br />
Accuria, Inc.<br />
Adventenergy, Inc.<br />
Aboitiz Energy Solutions, Inc.<br />
ACO and the companies or entities in which ACO has a beneficial interest and, directly or indirectly, excercises management control,<br />
including, without limitation, Aboitiz Equity Ventures, Inc., Aboitiz Power Corporation, Union Bank <strong>of</strong> the Philippines and their<br />
respective Subsidiaries and Affiliates<br />
With respect to any person, any other Person directly or indirectly Controlled or is under common Control by such Person<br />
Refers to a person or entity, engaged in consolidating electric power demand <strong>of</strong> end-users in the contestable market, for the<br />
purpose <strong>of</strong> purchasing and reselling electricity on a group basis<br />
Automatic Load Dropping<br />
Refers to the 75 MW Ambuklao Hydroelectric Power Plant <strong>of</strong> SNAP-Benguet located in Bokod, Benguet and the 100 MW Binga<br />
Hydroelectric Power Plant <strong>of</strong> SNAP-Benguet located at Itogon, Benguet<br />
An agreement under which a WESM Member, registered as an ancillary service provider, agrees to provide ancillary services<br />
Refers to the support services such as frequency regulating and contingency reserves, reactive power support, and black start<br />
capability which are necessary to support the transmission capacity and energy that are essential in maintaining power quality and<br />
reliability andsecurity <strong>of</strong> the grid<br />
Refers to a person or entity providing ancillary services and registered with the market operator<br />
AP Renewables, Inc.<br />
Aboitiz Renewables, Inc. (formerly Philippine Hydropower Corporation)<br />
Ancillary Services Procurement Agreement<br />
B<br />
Backup Reserve or<br />
Dispatchable Reserve<br />
BCQ<br />
BEZ<br />
BI<br />
Bilateral Contract<br />
BIR<br />
Black Start<br />
Black Start Capability<br />
Black Start-up Facilities<br />
BOI<br />
BOT<br />
BSP<br />
Bunker C<br />
Business Unit<br />
The ability to respond to a re-dispatch performed by the system operator during a trading interval, on either a regular or an ad hoc<br />
basis<br />
Bilateral Contracted Quantity<br />
Balamban Enerzone Corporation<br />
Business Interruption<br />
A contract between parties, the net effect <strong>of</strong> which is that defined quantity <strong>of</strong> electricity has been sold by one party to another, at a<br />
particular node<br />
Bureau <strong>of</strong> Internal Revenue<br />
The process <strong>of</strong> recovery from total system blackout using a generating unit with the capability to start and synchronize with the<br />
power system without an external power supply<br />
The ability <strong>of</strong> a generating unit to go from a shutdown condition to an operating condition and start delivering power to the grid<br />
without <strong>of</strong>fsite power<br />
Facilities which provide black start capability<br />
The Philippine Board <strong>of</strong> Investments<br />
Build, Operate and Transfer<br />
Bangko Sentral ng Pilipinas<br />
A term used to designate the thickest <strong>of</strong> the residual fuels that is produced by blending any oil remaining at the end <strong>of</strong> the oilrefining<br />
process with lighter oil<br />
An Affiliate or Subsidiary <strong>of</strong> AboitizPower
C<br />
A<br />
CAGELCO<br />
CC & B<br />
Central Dispatch<br />
Chevron<br />
COC<br />
Connection Assets<br />
Contestable Market<br />
Contingency Reserve or<br />
CR<br />
Control<br />
<strong>ABOITIZ</strong> <strong>POWER</strong> <strong>CORPORATION</strong><br />
<strong>Glossary</strong> <strong>of</strong> <strong>Terms</strong>, Abbreviations and Acronyms<br />
Cagayan Electric Cooperative, Inc.<br />
Customer Care and Billing<br />
The process <strong>of</strong> issuing direct instructions to the electric power industry participants by the system operator to achieve an economic<br />
operation while maintaining power quality, stability, and the reliability and security <strong>of</strong> the grid<br />
Chevron Geothermal Philippines Holdings, Inc.<br />
Certificate <strong>of</strong> Compliance<br />
Assets that are put primarily to connect a customer to the grid and used for purposes <strong>of</strong> transmission connection services for the<br />
conveyance <strong>of</strong> electricity<br />
Refers to the electricity end-users who have a choice <strong>of</strong> a supplier <strong>of</strong> electricity, as may be determined by the ERC in accordance<br />
with EPIRA<br />
Refers to the generating capacity from qualified generating units allocated to cover loss <strong>of</strong> a synchronized generating unit or the<br />
power import from a single-circuit interconnection, whichever is larger<br />
Possession, directly or indirectly, by a Person <strong>of</strong> the power to direct or cause the direction <strong>of</strong> the management and policies <strong>of</strong><br />
another Person whether through the ownership <strong>of</strong> voting securities or otherwise; provided, however, that the direct or indirect<br />
ownership <strong>of</strong> over Fifty percent (50%) <strong>of</strong> the voting capital stock, registered capital or other equity interest <strong>of</strong> a Person is deemed to<br />
constitute control <strong>of</strong> that Person, and "Controlling" and "Controlled" have corresponding meanings<br />
CPCN<br />
CSR<br />
Certificate <strong>of</strong> Public Convenience and Necessity<br />
Corporate Social Responsibility<br />
D<br />
DENR<br />
Department <strong>of</strong> Environment and Natural Resources<br />
Department <strong>of</strong> Energy or The government agency created pursuant to Republic Act No. 7638 which is provided with the additional mandate under the Act <strong>of</strong><br />
DOE<br />
supervising the restructuring <strong>of</strong> the electricity industry, developing policies and procedures, formulating and implementing<br />
programs, and promoting a system <strong>of</strong> incentives that will encourage private sector investments and reforms in the electricity<br />
industry and ensuring an adequate and reliable supply <strong>of</strong> electricity<br />
Dispatch<br />
Dispatch Instruction<br />
Dispatch Schedule<br />
Dispatchable Load<br />
The Act by which the system operator initiates all or part <strong>of</strong> the response <strong>of</strong>fered or bid by a scheduled generating unit or scheduled<br />
load<br />
Refers to the instruction issued by the system operator to the generators with scheduled generating units and the generators whose<br />
generating units will provide ancillary services to implement the final generation schedule in real time<br />
The target loading levels in MW for each scheduled generating unit or scheduled loads and for each reserve facility for the end <strong>of</strong><br />
that trading interval determined by the market operator through the use <strong>of</strong> a market dispatch optimization model<br />
A load which is able to respond to dispatch instructions and so may be treated as a scheduled load in the dispatch process<br />
Dispatchable Reserve or The ability to respond to a re-dispatch performed by the system operator during a trading interval, on either a regular or an ad hoc<br />
Backup Reserve basis<br />
Distribution Code The set <strong>of</strong> rules, requirements, procedures, and standards governing distribution utilities and users in the operation, maintenance,<br />
and development <strong>of</strong> their distribution systems<br />
Distribution Company Refers to any <strong>of</strong> BEZ, CLP, DLP, MEZ, SEZ, SFELAPCO and VECO<br />
Distribution <strong>of</strong> Electricity The conveyance <strong>of</strong> electric power by a distributor through its Distribution System<br />
Distribution System<br />
Refers to any system <strong>of</strong> wires and associated facilities belonging to a franchised distribution utility extending between the delivery<br />
points on the transmission or subtransmission system or generato connection and the point <strong>of</strong> connection <strong>of</strong> the end-user<br />
Distribution Utilities<br />
Distribution Wheeling<br />
Charge<br />
Under the EPIRA, refers to any electric cooperative, private corporation, government-owned utility or existing local government unit<br />
which has an exclusive franchise to operate a distribution system<br />
Refers to the cost or charge regulated by the ERC for the use <strong>of</strong> a distribution system and/or the availment <strong>of</strong> related services
D<br />
DMC<br />
DOLE<br />
DSRA<br />
A<br />
Distribution Management Committee<br />
Department <strong>of</strong> Labor and Employment<br />
Debt Service Reserve Account<br />
<strong>ABOITIZ</strong> <strong>POWER</strong> <strong>CORPORATION</strong><br />
<strong>Glossary</strong> <strong>of</strong> <strong>Terms</strong>, Abbreviations and Acronyms<br />
E<br />
EBIT<br />
Earnings Before Interest and Taxes<br />
EBITDA<br />
ECA<br />
ECC<br />
EIA<br />
EIS<br />
Electric Cooperative<br />
Embedded Generating<br />
Plant<br />
Embedded Generating<br />
Unit<br />
Energy Regulation<br />
Commission<br />
Earnings Before Interest, Taxes, Depreciation & Amortization<br />
Energy Conversion Agreement<br />
Environmental Compliance Certificate<br />
Environmental Impact Assessment<br />
Environmental Impact Statement<br />
A cooperative or corporation authorized to provide electric services pursuant to Presidential Decree No. 269, as amended, and RA<br />
No. 6938 within the framework <strong>of</strong> the national rural electrification plan<br />
A generating plant that is connected to a distribution system or the system <strong>of</strong> any user and has no direct connection to the grid<br />
A generating unit within an embedded generating plant<br />
The independent, quasi-judicial regulatory body created pursuant to RA No. 9136, which is mandated to promote competition,<br />
encourage market development, ensure customer choice, and penalize abuse <strong>of</strong> market power in the restructured electricity<br />
industry and among other functions, promulgate and enforce the Philippine Grid Code and the Philippine Distribution Code<br />
Enerzone Companies<br />
EPIRA<br />
EPSA<br />
ERM<br />
Ex-Ante<br />
Ex-Ante Dispatch<br />
Ex-Post<br />
A term collectively referring to BEZ, MEZ and SEZ - the AboitizPower's Distribution Utilities operating within special economic zones<br />
RA No. 9136, otherwise known as the "Electric Power Industry Reform Act <strong>of</strong> 2001," as amended from time to time, and including<br />
the rules and regulations issued thereunder<br />
Electric Power Supply Agreement<br />
Enterprise Risk Management<br />
A matter determined in relation to a trading interval before that trading interval commences<br />
Under the WESM rules, the dispatch targets set for the end <strong>of</strong> a trading interval , immediately preceding the beginning <strong>of</strong> that<br />
trading interval<br />
Under the WESM rules, a matter determined in relation to a trading interval after that trading interval concludes<br />
F<br />
Fast Start<br />
FiT<br />
Forced Outage<br />
Franchise Area<br />
Frequency Regulating<br />
Reserve<br />
The capability <strong>of</strong> a generating unit or generating plant to start and synchronize with the grid within 15 minutes<br />
Feed-in Tariff<br />
An outage that results from emergency conditions directly associated with a component requiring that it be taken out <strong>of</strong> service<br />
immediately, either automatically or as soon as switching operations can be performed<br />
A geographical area exclusively assigned or granted to distribution utility for distribution <strong>of</strong> electricity<br />
Refers to the generating capacity from qualified generating units allocated to cover intra-hour variations in demand, deviations from<br />
generation schedules and hourly forecast errors
G<br />
A<br />
Generation Companies<br />
Generation Company<br />
Generation Schedule<br />
GMC<br />
Good Industry Practice<br />
Government<br />
GRAM<br />
Greenfield project<br />
Grid Code<br />
Grid Impact Studies<br />
Grid or Transmission<br />
System<br />
Grid Owner<br />
GW<br />
GWh<br />
<strong>ABOITIZ</strong> <strong>POWER</strong> <strong>CORPORATION</strong><br />
<strong>Glossary</strong> <strong>of</strong> <strong>Terms</strong>, Abbreviations and Acronyms<br />
Refers to any <strong>of</strong> APRI, CPPC, DLP, CLP, EAUC, Hedcor, Hedcor Sibulan, Hedcor Tamugan, LHC, SNAP-Magat, SNAP-Benguet, SPPC,<br />
STEAG Power, WMPC, RP Energy and CEDC, collectively<br />
Under the EPIRA, refers to any person or entity authorized by the ERC to operate facilities used in the generation <strong>of</strong> electricity<br />
Refers to the schedule that indicates the hourly output <strong>of</strong> the scheduled generating units and the list <strong>of</strong> generating units that will<br />
provide ancillary services for the next schedule day<br />
Grid Management Committee<br />
The practices and methods not specified in specific standards but are generally accepted by the power industry to be sound and<br />
which ensure the safe and reliable planning, operation, and maintenance <strong>of</strong> a power system<br />
The Government <strong>of</strong> the Republic <strong>of</strong> the Philippines<br />
Generation Rate Adjustment Mechanism<br />
Power generation projects that are developed from inception on previously undeveloped sites<br />
The set <strong>of</strong> rules, requirements, procedures, and standards to ensure the safe, reliable, secured and efficient operation,<br />
maintenance, and development <strong>of</strong> the high voltage backbone transmission system and its related facilities<br />
A set <strong>of</strong> technical studies which are used to assess the possible effects <strong>of</strong> a proposed expansion, reinforcement, or modification<strong>of</strong><br />
the grid or a user development and to evaluate significant studies<br />
The high voltage backbonesystem <strong>of</strong> interconnected transmission lines, substations, and related facilities, located in each <strong>of</strong> Luzon,<br />
Visayas and Mindanao, or as may be determined by the ERC<br />
The party who owns the grid and is responsible for maintaining adequate grid capacity in accordance with the provisions <strong>of</strong> the Grid<br />
Code<br />
Gigawatt, or one billion watts<br />
Gigawatt-hour<br />
H<br />
HEDC<br />
Hedcor<br />
Hedcor Consortium<br />
Hedcor Sibulan or HSI<br />
Hedcor Tamugan or HTI<br />
HFO<br />
HV<br />
Hydro Electric Development Corporation<br />
Hedcor, Inc.<br />
The consortium comprised <strong>of</strong> ARI, Hedcor, Hedcor Sibulan and Hedcor Tamugan with an existing PSA with DLP for the supply <strong>of</strong> new<br />
capacity to DLP<br />
Hedcor Sibulan, Inc.<br />
Hedcor Tamugan, Inc.<br />
Heavy Fuel Oil<br />
High Voltage<br />
I<br />
ICERA<br />
IDR<br />
IEC<br />
IPP Administrator or<br />
IPPA<br />
IRR<br />
ISELCO<br />
Island Grid<br />
Incremental Currency Exchange Rate Adjustment<br />
Irrigation Diversion Requirement<br />
International Electrotechnical Commission<br />
Qualified independent entities appointed by PSALM Corporation to administer, conserve and manage the contracted energy output<br />
<strong>of</strong> NPC IPP contracts<br />
Implementing Rules and Regulations<br />
Isabela II Electric Cooperative, Inc.<br />
A generating plant or a group <strong>of</strong> generating plants and its associated load, which is isolated from the rest <strong>of</strong> the grid but is capable<br />
<strong>of</strong> generating and maintaining a stable supply <strong>of</strong> electricity to the customers within the isolated area
K<br />
KA<br />
A<br />
Kiloampere<br />
<strong>ABOITIZ</strong> <strong>POWER</strong> <strong>CORPORATION</strong><br />
<strong>Glossary</strong> <strong>of</strong> <strong>Terms</strong>, Abbreviations and Acronyms<br />
kV<br />
kVARh<br />
kW<br />
kWh<br />
Kilovolt, or one thousand volts<br />
Kilovolt-Ampere Reactive-hour<br />
Kilowatt, or one thousand watts<br />
Kilowatt-hour<br />
L<br />
LHC<br />
LRMC<br />
Load<br />
Load Factor<br />
Loss <strong>of</strong> Load Probability<br />
or LOLP<br />
Low Voltage or LV<br />
LTI<br />
LWAP<br />
Luzon Hydro Corporation<br />
Long Run Marginal Cost<br />
An entity or an electrical equipment that consumes electrical energy<br />
The ratio <strong>of</strong> the total energy delivered during a given period to the product <strong>of</strong> the maximum demand and the number <strong>of</strong> hours<br />
during the same period<br />
The expected number <strong>of</strong> days in a specified period in which the daily peak demand will exceed the available generating capacity<br />
A voltage level not exceeding 1000 volts<br />
Lost Time Incident<br />
Load Weighted Average Price<br />
M<br />
Magat Plant<br />
Manual<br />
Manual Load Dropping<br />
or MLD<br />
MAP<br />
MCM<br />
MEPZ I<br />
MEPZ II<br />
Metering Equipment<br />
MEZ<br />
Momentary Average<br />
Interruption Frequency<br />
Index or MAIFI<br />
MOPS<br />
Multiple Outage<br />
Contingency<br />
MV<br />
MVA<br />
MVAR<br />
MVARh<br />
MW<br />
MWh<br />
The 360 MW Magat Hydroelectric Power Plant <strong>of</strong> SNAP - Magat located at the border <strong>of</strong> Isabela and Ifugao provinces<br />
Manual <strong>of</strong> Corporate Governance<br />
The process <strong>of</strong> manually and deliberately removing pre-selected loads from a power system, in response to an abnormal condition,<br />
and in order to maintain the integrity <strong>of</strong> the system<br />
Maximum Average Price<br />
Under PBR, refers to million cubic meters<br />
Mactan Export Processing Zone I<br />
Mactan Export Processing Zone II<br />
The apparatus necessary for measuring electrical, real and reactive power and energy, inclusive <strong>of</strong> a multi-function meter and the<br />
necessary instrument, potential, current and phase shifting transformers and all wiring and communication devices as provided<br />
Mactan Enerzone Corporation<br />
The total number <strong>of</strong> momentary customer power interruptions within a given period divided by the total number <strong>of</strong> customers<br />
served within the same period<br />
Mean <strong>of</strong> Platts Singapore<br />
An event caused by the failure <strong>of</strong> two or more components <strong>of</strong> the grid including generating units, transmission lines, and<br />
transformers<br />
Medium Voltage<br />
Megavolt-Ampere<br />
Megavolt-Ampere Reactive<br />
Megavolt-Ampere Reactive-hour<br />
Megawatt, or one million watts<br />
Megawatt-hour
N<br />
A<br />
National Electriciation<br />
Administration or NEA<br />
National Grid<br />
Corporation <strong>of</strong> the<br />
Philippines or NGCP<br />
National Power<br />
Corporation or NPC<br />
<strong>ABOITIZ</strong> <strong>POWER</strong> <strong>CORPORATION</strong><br />
<strong>Glossary</strong> <strong>of</strong> <strong>Terms</strong>, Abbreviations and Acronyms<br />
The government agency created under Presidential Decree No. 269, whose additional mandate includes preparing electric<br />
cooperatives in operating and competing under a deregulated electricity market, strengthening their technical capability, and<br />
enhancing their financial viability as electric utilities through improved regulatory policies<br />
The government corporation awarded with the concession for the operation and maintenance <strong>of</strong> the transmission assets <strong>of</strong><br />
TRANSCO<br />
The government corporation created under RA No. 6395, as amended, whose generation assets, real estate, and other disposable<br />
assets, except for the assets <strong>of</strong> SPUG, and IPP contracts, shall be privatized, and whose transmission assets shall be transferred to<br />
the Power Sector Assets and Liabilities Management Corporation (PSALM)<br />
National Transmission Refers to the corporation that assumed the authority and responsibility <strong>of</strong> planning, maintaining, constructing, and centrally<br />
Corporation or TRANSCO operating the high-voltage transmission system, including the construction <strong>of</strong> grid interconnections and the provision <strong>of</strong> ancillary<br />
services<br />
Network Service<br />
Provider<br />
Under the WESM rules, a person who engages in the activity <strong>of</strong> owning, controlling, or operating a transmission or distribution<br />
system and who is registered with the market operator in that capacity<br />
NIA<br />
NIPAS<br />
NODAL<br />
Non-Technical Loss<br />
NWRB<br />
National Irrigation Authority<br />
National Integrated Protected Areas System<br />
Node-Voltage Analysis<br />
The component <strong>of</strong> system loss that is not related to the physical characteristics and functions <strong>of</strong> the electrical system, and is caused<br />
primarily by human error, whether intentional, or not<br />
National Water Resources Board<br />
O<br />
O&M<br />
Open Access<br />
Operations and Maintenance<br />
The system <strong>of</strong> allowing any qualified person the use <strong>of</strong> transmission and/or distribution system and associated facilities subject to<br />
the payment <strong>of</strong> transmission and/or distribution retail wheeling rates duly approved by the ERC<br />
P<br />
P/E<br />
Partial System Blackout<br />
PASUDECO<br />
PBR<br />
PEMC<br />
PEPOA<br />
Person<br />
PFRS<br />
Philippine Electrical<br />
Code or PEC<br />
Price-Earnings Ratio<br />
The condition when a part <strong>of</strong> the grid is isolated from the rest <strong>of</strong> the grid and all generation in that part <strong>of</strong> the grid has shutdown<br />
Pampanga Sugar Development Corporation<br />
Performance-based rate-setting regulation<br />
Philippine Electricity Market Corporation<br />
Private Electric Power Operators Association<br />
Means an individual, corporation, partnership, association, joint stock company, trust, any unincorporated organization, or a<br />
government or political subdivision there<strong>of</strong><br />
Philippine Financial Reporting Standards<br />
The electrical safety code that establishes basic materials quality and electrical work standards for the safe use <strong>of</strong> electricity for light,<br />
heat, power, communications, signaling, and for other purposes<br />
Philippine Energy Plan or The overall energy program formulated and updated yearly by the DOE and submitted to Congress pursuant to RA No. 7638<br />
PEP<br />
Philippine Pesos or P The lawful currency <strong>of</strong> the Philippines<br />
PHILRECA<br />
Philippine Rural Electric Cooperatives Association, Inc.<br />
Power Development The indicative plan for managing electricity demand through energy-efficient programs and for the upgrading expansion,<br />
Program or PDP rehabilitation, repair and maintenance <strong>of</strong> power generation and transmission facilities<br />
Power Factor<br />
Power Quality<br />
The ratio <strong>of</strong> active power to apparent power<br />
The quality <strong>of</strong> the voltage, including its frequency and resulting current, that are measured in the grid, distribution System, or any<br />
user system
P<br />
A<br />
Power System<br />
PPA<br />
PSA<br />
PSALM<br />
PSE<br />
PSPA<br />
<strong>ABOITIZ</strong> <strong>POWER</strong> <strong>CORPORATION</strong><br />
<strong>Glossary</strong> <strong>of</strong> <strong>Terms</strong>, Abbreviations and Acronyms<br />
The integrated system <strong>of</strong> transmission, distribution network and generating plant for the supply <strong>of</strong> electricity<br />
Power Purchase Agreement<br />
Power Supply Agreement<br />
Power Sector Assets and Liabilities Management Corporation<br />
Philippine Stock Exchange<br />
Power Supply and Purchase Agreement<br />
Q<br />
QMS Quality Management System or ISO 9000:2008<br />
Qualified Generating A generating unit tested, certified and monitored by the system operator to provide specific types <strong>of</strong> ancillary services<br />
Unit<br />
QUIRELCO<br />
Quirino Electric Cooperative, Inc.<br />
R<br />
R&R<br />
RA<br />
Ramp Up Rate<br />
Reactive Energy<br />
Reactive Power<br />
Reactive Power<br />
Capability Curve<br />
Reactive Power Support<br />
Red Alert<br />
Reliability<br />
Rehabiliation and Refurbishment<br />
Republic Act<br />
Refers to the normal rate that a generating unit reduces its power output, expressed in MW per minute<br />
Measured in VARh, refers to the integral <strong>of</strong> the Reactive Power with respect to time<br />
Measured in VAR, refers to the component <strong>of</strong> electrical power representing the alternating exchange <strong>of</strong> stored energy (inductive or<br />
capacitive) between sources and loads or between two systems<br />
A diagram which shows the reactive power capability limit versus the real power within which a generating unit is expected to<br />
operate under normal conditions<br />
The injection or absorption <strong>of</strong> reactive power from generators to maintain transmission system voltages within ranges prescribed in<br />
the Grid Code<br />
An alert issued by the system operator when the grid contingency reserve is zero, a generation deficiency exists or there is critical<br />
loading or imminent overloading <strong>of</strong> transmission lines or equipment<br />
The probability that a system or component will perform a required task or mission for a specified time in a specified environment<br />
Renewable Energy Act or Refers to RA No. 9513, otherwise known as the Renewable Energy Act <strong>of</strong> 2008<br />
RE Law<br />
Retail Rate<br />
Refers to the total price paid by end-users consisting <strong>of</strong> the charges for generation, transmission and related ancillary services,<br />
distribution, supply and other related charges for electric service<br />
Return on Assets or ROA The ratio <strong>of</strong> net pr<strong>of</strong>its after taxes to average total assets<br />
Return on Investment on The most common name given by analysts to return on assets<br />
ROI<br />
RMS<br />
Root-mean-square<br />
RORB<br />
Return-on-rate base rate setting system<br />
RPS<br />
Redeemable Preferred Shares<br />
RTD<br />
Under the WESM rules, refers to the Ex-Ante Dispatch<br />
RTX<br />
Under the WESM rules, refers to the Ex-Post Dispatch<br />
Rule Curve<br />
A diagram showing the minimum water level requirement in the reservoir at a specific time to meet particular needs for which the<br />
reservoir is designed<br />
Run-<strong>of</strong>-river<br />
Hydroelectric power plant that generates electricity from the natural flow and elevation drop <strong>of</strong> a river<br />
hydroelectric plant
S<br />
SAIDI<br />
SAIFI<br />
A<br />
System Average Interruption Duration Index<br />
System Average Interruption Frequency Index<br />
<strong>ABOITIZ</strong> <strong>POWER</strong> <strong>CORPORATION</strong><br />
<strong>Glossary</strong> <strong>of</strong> <strong>Terms</strong>, Abbreviations and Acronyms<br />
SAPA<br />
SBFZ<br />
SBMA<br />
Schedule Day<br />
SEC<br />
SEZ or SEZC<br />
SFELAPCO<br />
SGV<br />
Sibulan Project<br />
Single Outage<br />
Contingency<br />
SLUP<br />
Small Power Utilities<br />
Group or SPUG<br />
SN Power<br />
SNAP - Benguet<br />
SNAP - Magat<br />
SPOT<br />
SPPC<br />
SRC<br />
STEAG Power<br />
Stranded Contract Costs<br />
<strong>of</strong> NPC or Distribution<br />
Utility<br />
Subsidiary<br />
Subtransmission Assets<br />
Special Agreement for Protected Area<br />
Subic Bay Freeport Zone<br />
Subic Bay Metropolitan Authority<br />
The period from 0000H to 2400H in a day<br />
The Securities and Exchange Commission <strong>of</strong> the Philippines<br />
Subic Enerzone Corporation<br />
San Fernando Electric Light and Power Co., Inc.<br />
Sycip, Gorres, Velayo & Company<br />
Two run-<strong>of</strong>-river hydropower generating facilities tapping the Sibulan and Baroring rivers in Sibulan, Santa Cruz, Davao del Sur<br />
An event caused by the failure <strong>of</strong> one component <strong>of</strong> the grid including a generating unit, transmission line, or a transformer<br />
Special Land Use Permits<br />
Refers to the functional unit <strong>of</strong> NPC created to pursue missionary electrification function<br />
Statkraft Norfund Power Invest AS <strong>of</strong> Norway<br />
SN Aboitiz Power-Benguet, Inc. (formerly, SN Aboitiz Power Hydro, Inc.)<br />
SN Aboitiz Power - Magat, Inc.<br />
Swedish Space Corporation (Systeme Pour l'Observation de la Terre)<br />
Southern Philippines Power Corporation<br />
Securities Regulation Code<br />
STEAG State Power, Inc.<br />
Excess <strong>of</strong> the contracted cost <strong>of</strong> electricity under eligible contracts over the actual selling price <strong>of</strong> the contracted energy output <strong>of</strong><br />
such contracts in the market<br />
In respect <strong>of</strong> any Person, any entity (i) over fifty percent (50%) <strong>of</strong> whose capital is owned directly by that Person; or (ii) for which<br />
that Person may nominate or appoint a majority <strong>of</strong> the members <strong>of</strong> the board <strong>of</strong> directors or such other body performing similar<br />
functions<br />
Refer to the facilities related to the power delivery service below the transmission voltages and based on the functional assignment<br />
<strong>of</strong> assets including, but not limited to step-down transformers used solely by load customers, associated switchyard/substation,<br />
control and protective equipment, reactive compensation equipment to improve customer power factor, overhead lines, and the<br />
land such facilities/ equipment are located<br />
Supplier<br />
Supply <strong>of</strong> Electricity<br />
Sustained Interruption<br />
Synchronized<br />
System Loss<br />
Refers to any person or entity authorized by the ERC to sell, broker, market or aggregate electricity to the end-users<br />
Refers to the sale <strong>of</strong> electricity by a party other than a generator or a distributor in the franchise area <strong>of</strong> a distribution utility using<br />
the wires <strong>of</strong> the distribution utility concerned<br />
Any Interruption that is not classified as a momentary interruption<br />
The state when connected generating units and/or interconnected AC Systems operate at the same frequency and where the phase<br />
angle displacements between their voltages vary about a stable operating point<br />
In the Grid Code, it is the Energy injected into the grid by generating plants, plus (or minus) the energy transported through grid<br />
interconnections minus the total energy delivered to distributors and end-users; in the Distribution Code, it is the energy received<br />
from the grid plus internally generated energy by embedded generating plants, plus (or minus) the energy transported by other<br />
distributors minus the total energy delivered to end-users<br />
System Operator<br />
The party responsible for generation dispatch or the implementation <strong>of</strong> the generation dispatch schedule <strong>of</strong> the market operator,<br />
the provision <strong>of</strong> ancillary services and operation to ensure safety, power quality, stability, reliability and security <strong>of</strong> the grid
T<br />
A<br />
Tapping Point<br />
TCIC<br />
TDD<br />
Team Philippines<br />
<strong>ABOITIZ</strong> <strong>POWER</strong> <strong>CORPORATION</strong><br />
<strong>Glossary</strong> <strong>of</strong> <strong>Terms</strong>, Abbreviations and Acronyms<br />
The point <strong>of</strong> electrical interconnection between the subtransmission line owned by the grid owner and connection assets<br />
Taiwan Cogeneration International Corporation<br />
Total Demand Distortion<br />
Team Philippines Industrial Power II Corporation [formerly, Mirant (Phils.) Industrial Power II Corp.]<br />
Technical Loss<br />
The component <strong>of</strong> system loss that is inherent in the physical delivery <strong>of</strong> electric energy<br />
Test and Commissioning Putting into service a system or equipment that has passed all required tests to show that the system or equipment was erected and<br />
connected in the proper manner and can be expected to work satisfactorily<br />
THC<br />
THD<br />
Therma Marine or TMI<br />
Therma Mobile<br />
Therma South<br />
Therma Visayas<br />
Tiwi - Makban<br />
TLI<br />
Top-up<br />
Total System Blackout<br />
TPI<br />
TPVI<br />
Transmission<br />
Development Plan or<br />
TDP<br />
Transmission System or<br />
Grid<br />
Treasury Shares<br />
Tsuneishi Holdings (Cebu), Inc.<br />
Total Harmonic Distortion<br />
Therma Marine, Inc.<br />
Therma Mobile, Inc.<br />
Therma South, Inc. (formerly Therma Pagbilao, Inc.)<br />
Therma Visayas, Inc. (formerly Vesper Industrial & Development Corporation)<br />
Tiwi - Makban Geothermal Complex, composed <strong>of</strong> eight geothermal plants and on binary plant, located in the provinces <strong>of</strong><br />
Batangas, Laguna and Albay<br />
Therma Luzon, Inc.<br />
The supply <strong>of</strong> electricity by the distributors to the customer on a continuing or regular basis to compensate for any shortfall<br />
between the customer's total supply requirements and those met from other sources<br />
The condition when all generation in the grid has ceased, the entire system has shutdown, and the system operator must<br />
implement a black start to restore the grid to its normal state<br />
Therma Power, Inc.<br />
Therma Power - Visayas, Inc.<br />
Refers to the program for managing the transmission system through efficient planning for the expansion, upgrading, rehabilitation,<br />
repair and maintenance, to be formulated by DOE and implemented by the TRANSCO pursuant to EPIRA<br />
The high voltage backbonesystem <strong>of</strong> interconnected transmission lines, substations, and related facilities, located in each <strong>of</strong> Luzon,<br />
Visayas and Mindanao, or as may be determined by the ERC<br />
Company shares acquired by the Company<br />
U<br />
UFR<br />
Universal Charge<br />
US$ OR USD<br />
User<br />
Underfrequency Relay<br />
Refers to the charge, if any, imposed for the recovery <strong>of</strong> the stranded cost and other purposes<br />
The lawful currency <strong>of</strong> the United States <strong>of</strong> America<br />
A person or entity that uses the grid or distribution system and related facilities to which the Grid Code or Distribution Code applies<br />
V<br />
V<br />
VA<br />
VAR<br />
VAT<br />
VECO<br />
Voltage<br />
Voltage Control<br />
Volts<br />
Volt-Ampere<br />
Volt-Ampere Reactive<br />
Value Added Tax<br />
Visayan Electric Company, Inc.<br />
The electromotive force or electric potential difference between two points which causes the flow <strong>of</strong> electric current in an electric<br />
circuit<br />
Any actions undertaken by the system operator or user to maintain the voltage <strong>of</strong> the grid within the limits prescribed by the Grid<br />
Code such as, but not limited to, adjustment <strong>of</strong> generator reactive output, adjustment in transformer taps or switching <strong>of</strong> capacitors<br />
or reactors
V<br />
A<br />
Voltage Fluctuation<br />
<strong>ABOITIZ</strong> <strong>POWER</strong> <strong>CORPORATION</strong><br />
<strong>Glossary</strong> <strong>of</strong> <strong>Terms</strong>, Abbreviations and Acronyms<br />
The systematic variations <strong>of</strong> the voltage envelope or random amplitude changes where the root-mean-square value <strong>of</strong> the voltage is<br />
between 90 percent and 110 percent <strong>of</strong> the nominal value<br />
Voltage Instability A condition that results in grid voltages that are below the level where voltage control equipment can return them to the normal<br />
level<br />
Voltage Reduction The method used to temporarily decrease demand by a reduction <strong>of</strong> the system voltage<br />
Voltage Sag A short duration voltage variation where the root-mean-square value <strong>of</strong> the voltage decreases to between 10 percent and 90<br />
percent <strong>of</strong> the nominal value<br />
Voltage Swell A short duration voltage variation where the root-mean-square value <strong>of</strong> the voltage increases to between 110 percent and 180<br />
percent <strong>of</strong> the nominal value<br />
VR<br />
Voltage Regulation<br />
W<br />
W<br />
WCIP<br />
WESM<br />
WESM Rules<br />
Wh<br />
Wheeling Charge<br />
Wholesale Electricity<br />
Spot Market or WESM<br />
Watt<br />
West Cebu Industrial Park<br />
Wholesale Electricity Spot Market<br />
The rules that govern the administration and operation <strong>of</strong> the Wholesale Electricity Spot Market<br />
Watt-hour<br />
Refers to the tariff paid for the conveyance <strong>of</strong> electric power and energy through the grid or a distribution system<br />
The electricity market established by the DOE<br />
X<br />
X/R<br />
Reactance/Resistance