Glossary - g

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

G

Term/Acronym	Definition
Generation Entity	Owner or controller of a Generation Resource used for generating electricity and electrically connected to the ERCOT System.
Generation Resources	Facilities that produce energy and that are owned or operated by a Generation Entity.
Good Utility Practice	Any of the practices, methods, and acts engaged in or approved by a significant portion of the electric industry during the relevant time period, or any of the practices, methods, and acts that, in the exercise of reasonable judgment in light of the facts known at the time the decision was made, could have been expected to accomplish the desired result at a reasonable cost consistent with good business practices, reliability, safety, and expedition. Good utility practice is not intended to be limited to the optimum practice, method, or act, to the exclusion of all others, but rather is intended to include acceptable practices, methods, and acts generally accepted in the region.
Governmental Authority	Any Federal, state, local or municipal body having jurisdiction over a Market Participant or ERCOT; provided, however, a Governmental Authority who is also a Market Participant shall not exercise its jurisdiction in any matter that involves the interests of that Market Participant where that matter also involves the interests or responsibilities of any other Market Participant or ERCOT, unless the matter is one in which the Market Participant has exclusive jurisdiction.
Gross Generation	The generated output power at the terminals of the generator.