operating risk definition
operating risk means the possibility of adverse cost impact of lower than expected plant availability due to higher than expected planned and forced outages. Operations Committee (OC) or Joint Operations Committee (JOC) means a committee comprising equal number of permanent representatives of the Parties which shall be responsible for implementing the agreement, including identification and first stage resolution of problems or disputes. It shall be the responsibility of the OC to define explicit requirements for prudent utility practice.
operating risk means the risk that deficiencies in information systems or internal controls, human errors or management failures will result in unexpected losses;
operating risk means a risk that the public service operator will not be able to recover its costs in connection with the supply and operation of the works or the public passenger transport services, where the factors giving rise to that risk are—