California Public Resources Code 25790.5 – For purposes of this chapter, the following definitions …
For purposes of this chapter, the following definitions apply:
(a) “California balancing authority” has the same meaning set forth in § 399.12 of the Public Utilities Code.
Terms Used In California Public Resources Code 25790.5
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(b) “Extreme event” means either of the following:
(1) An event occurring at a time and place in which weather, climate, or environmental conditions, including temperature, precipitation, drought, fire, or flooding, present a level of risk that would constitute or exceed a one-in-ten event, as referred to by the North American Electric Reliability Corporation, including when forecast in advance by a load-serving entity or local publicly owned electric utility.
(2) An event where emergency measures are taken by a California balancing authority, including when forecast in advance by the California balancing authority.
(c) “Fund” means the Strategic Reliability Reserve Fund established pursuant to Section 25793.
(d) “Load-serving entity” has the same meaning as defined in § 380 of the Public Utilities Code.
(e) “Local publicly owned electric utility” has the same meaning as defined in § 224.3 of the Public Utilities Code.
(f) “State board” means the State Air Resources Board.
(Added by Stats. 2022, Ch. 61, Sec. 6. (AB 205) Effective June 30, 2022.)