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PART III
PART IV
DEFINITIONS
The abbreviations and acronyms used in the 2014 Form 10-K are defined below:
2010 Credit Agreement
The 2010 Credit Agreement consists of a $200 million revolving credit and LOC facility together with an $82 million LOC facility to support tax-exempt bonds
2010 Reimbursement Agreement
Reimbursement Agreement, dated December 14, 2010, between TEP, as borrower, and a financial institution
2013 Covenants Agreement
A Lender Rate Mode Covenants Agreement between TEP and the purchaser of $100 million of unsecured tax-exempt bonds that were issued on behalf of TEP in November 2013 and sold in a private placement
2013 TEP Rate Order
A rate order issued by the ACC resulting in a new rate structure for TEP, effective July 1, 2013
2014 Credit Agreement
The 2014 Credit Agreement consists of a $130 million term loan commitment and a $70 million revolving credit commitment
ACC
Arizona Corporation Commission
APS
Arizona Public Service Company
BART
Best Available Retrofit Technology
Base O&M
A non-GAAP financial measure that represents the fundamental level of operating and maintenance expense related to our business
Base Rates
The portion of TEP’s Retail Rates attributed to generation, transmission, distribution, and customer costs. Base Rates exclude authorized charges designed to recover specific costs that are passed through to customers including fuel and purchased energy costs, energy efficiency program costs, certain environmental compliance costs, and a portion of renewable energy costs
Btu
British thermal unit(s)
Cooling Degree Days
An index used to measure the impact of weather on energy usage calculated by subtracting 75 from the average of the high and low daily temperatures
DG
Distributed Generation
DSM
Demand Side Management
ECA
Environmental Compliance Adjustor
EE
Energy Efficiency
FERC
Federal Energy Regulatory Commission
Fortis
Fortis Inc., a corporation incorporated under the Corporations Act of Newfoundland and Labrador, Canada, whose principal executive offices are located at Fortis Place, Suite 1100, 5 Springdale Street, St. John's, NL A1E 0E4
Four Corners
Four Corners Generating Station
GAAP
Generally Accepted Accounting Principles in the United States
GBtu
Billion British thermal units
GWh
Gigawatt-hour(s)
Gila River Unit 3
Unit 3 of the Gila River Generating Station
Heating Degree Days
An index used to measure the impact of weather on energy usage calculated by subtracting the average of the high and low daily temperatures from 65
kV
Kilo-volt(s)
kWh
Kilowatt-hour(s)
LFCR
Lost Fixed Cost Recovery
LOC
Letter of Credit
Merger
The acquisition of UNS Energy in 2014 pursuant to the Agreement and Plan of Merger between UNS Energy and FortisUS Inc.
MMBtu
Million British thermal units
MW
Megawatt(s)
MWh
Megawatt-hour(s)
Navajo
Navajo Generating Station
PNM
Public Service Company of New Mexico