Glossary - f

For your convenience, this page contains an alphabetically organized list of terms, definitions and common acronyms used in the electric utility industry.

F

Term/Acronym	Definition
FERC	Federal Energy Regulatory Commission
FTP	FTP File Transfer Protocol
Facilities	Equipment situated for the purpose of conducting service and/or business through use of the ERCOT System.
Final Day-Ahead Schedule	Those schedules ERCOT deems valid following the close of the Day Ahead period.
Final Statement	See Settlement Statement
Financing Persons	The lenders, security holders, investors, partners, multilateral institutions, and others providing financing or refinancing for the business of Entity, including development, construction, ownership, operation and/or maintenance of a Facility or any portion thereof, or any trustee or agent acting on behalf of any of the foregoing.
Force Majeur	Any event beyond the reasonable control of, and that occurs without the fault or negligence of, the Entity whose performance is prevented by the occurrence of such event. Examples of such a Force Majeure Event include, but are not limited, to: an act of God, labor disturbance, act of the public enemy, war, insurrection, riot, fire, storm or flood, explosion, breakage or accident to machinery or equipment, or a curtailment, order, regulation or restriction imposed by governmental, military, or lawfully established civilian authorities.
Frequency Bias of Portfolio	A positive (+) value, in megawatts per 0.1Hz, to represent response of a QSE's Resources to a deviation in frequency from scheduled frequency.
Fuel Index	An electronically-published index that reflects the price of fuel as determined by a fuel industry organization using available market information.