Common use of Consistent Terminology Clause in Contracts

Consistent Terminology. To the extent possible, Regional Standards use a set of standard terms and definitions that are approved through the regional standards development procedure. Although Regional Standards have a common format and process, several types of standards may exist, each with a different approach to measurement: • Technical standards are related to the provision, maintenance, operation, or state of electric systems, and will likely contain measures of physical parameters that are technical in nature. • Performance standards are related to the actions of entities providing for or impacting the reliability of the BPS, and will likely contain measures of the results of such actions or qualities of performance of such actions. • Preparedness standards are related to the actions of entities to be prepared for conditions that are unlikely to occur, but are nonetheless critical to reliability, and will likely contain measures of such preparations or the state of preparedness.

Consistent Terminology. To the extent possible, SERC Regional Reliability Standards use a set of standard terms and definitions that are approved through the regional standards development procedureSERC Regional Reliability Standard Development Procedure. Although Regional Standards regional reliability standards have a common format and process, several types of standards may exist, each with a different approach to measurement: •  Technical standards are related to the provision, maintenance, operation, or state of electric systems, and will likely contain measures of physical parameters that are technical in nature. •  Performance standards are related to the actions of entities providing for or impacting the reliability of the BPSBulk Electric System, and will likely contain measures of the results of such actions or qualities of performance of such actions. •  Preparedness standards are related to the actions of entities to be prepared for conditions that are unlikely to occur, occur but are nonetheless critical to reliability, reliability and will likely contain measures of such preparations or the state of preparedness.