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A power purchase agreement (PPA), or electricity power agreement, is a long-term contract between an electricity generator and a customer, usually a utility, government or company. [1] [2] PPAs may last anywhere between 5 and 20 years, during which time the power purchaser buys energy at a pre-negotiated price.
It includes annual summary reports comprising the statistics for power stations in the United States and Canada. [1] GADS is the main source of power station outage data in North America. This reporting system, initiated by the electric utility industry in 1982, expands and extends the data collection procedures begun by the industry in 1963.
An independent power producer (IPP) or non-utility generator (NUG) is an entity [1] that is not a public utility but owns facilities to generate electric power for sale to utilities and end users. [2]
A PMCS check is required before, during, and after a piece of equipment or vehicle is used. Checks are also done at weekly, monthly, semi-annual, annual, or bi-annual intervals, depending on the specific part. [1] Doing a PMCS check every time equipment is used may reduce the number of failures.
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