Glossary - p

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

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Term/Acronym

Definition
PGC Power Generation Company
PM Power Marketer
PUCT Public Utility Commission of Texas
PURA Public Utility Regulatory Act, Title II, Texas Utility Code
PURPA Public Utility Regulatory Policy Act
Postage Stamp Allocation The pro rata allocation of charges (or payments), which spreads to designated, Entities based on a pro rata share (of actual or estimated consumption).
Power Generation Company An Entity registered by the PUCT that:
  1. generates electricity that is intended to be sold at wholesale;
  2. does not own a transmission or distribution Facility in this state other than an essential interconnecting Facility, a Facility not dedicated to public use, or a Facility otherwise excluded from the PURA definition of "electric utility"; and
  3. does not have a certificated service area, although its affiliated electric utility or transmission and distribution utility may have a certificated service area.
Power Marketer An Entity that:
  1. Becomes an owner or controller of electric energy in this state for the purpose of buying and selling the electric energy at wholesale;
  2. Does not own generation, transmission, or distribution Facilities in this state;
  3. Does not have a certificated service area; and
  4. Has been granted authority by the Federal Energy Regulatory Commission to sell electric energy at market-based rates or has registered as a power marketer.
Premise A Service Delivery Point or combination of Service Delivery Points that are assigned a single Electric Service Identifier (ESI ID) for purposes of settlement and registration.
Price-to-Beat The bundled rate a Retail Electric Provider that is affiliated with an Entity required to unbundle its electric services, and offer Customer Choice, must charge to residential and small commercial Customers upon initiation of Customer Choice, as further described in Section 39.202 of PURA and PUCT rules.
Primary Meter The ERCOT approved, revenue-quality meter connected at an ERCOT approved interconnection point.
Prior Agreement Any previous agreement between an Entity, its Affiliate(s) or its predecessor(s) in interest and ERCOT regarding performance under the ERCOT Protocols.
Profile Type See Load Profile Class
Program Administrator The entity approved by the PUCT that is responsible for carrying out the administrative responsibilities related to the Renewable Energy Credit Program as set forth in PUCT Substantive Rule 25.173(g).
Proposal for Installation A written proposal submitted by an Entity to ERCOT describing a proposal for the installation of additional Metering Facilities.
Proprietary Customer Information Any information compiled by a Market Participant on a Customer in the normal course of Market Participant's business that makes possible the identification of any individual Customer by matching such information with the Customer's name, address, account number, type of classification service, historical electricity usage, expected patterns of use, types of Facilities used in providing service, individual contract terms and conditions, price, current charges, billing records, or any other information that a Customer has expressly requested not be disclosed. Information that is redacted or organized in such a way as to make it impossible to identify the Customer to whom the information relates does not constitute Proprietary Customer Information.
Protected Information That information protected from disclosure as described in Section 1, Overview.
Protocol Implementation Plan Plan developed by ERCOT that identifies any known differences between the ERCOT market operations system, power operations system, and settlement systems and these Protocols, and specifies a plan to conform such systems to these Protocols.
Provider of Last Resort (POLR) The designated Competitive Retailer as defined in the PUCT Substantive Rules for default Customer service, and as further described in Section 15.1, Customer Switch of Competitive Retailer.