Practice Test - 90 Day Assessment A

15 Questions | Total Attempts: 52

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Practice Test - 90 Day Assessment A

The purpose of this assessment is to help the Settlement Analyst prepare for their 90 day evaluation.


Questions and Answers
  • 1. 
    Any energy (not an option) purchase or sale transaction in which the Member is not a counterparty, but has accepted all exposure is called a(n):
    • A. 

      External Transaction

    • B. 

      Authorized Transaction

    • C. 

      Member at Risk Transaction

    • D. 

      Expanded Transaction

  • 2. 
    What is the appropriate turnaround time to respond to/fix inquiries and discrepancies in Electricity?
    • A. 

      24 hours

    • B. 

      48 hours

    • C. 

      72 hours

    • D. 

      None of the above

  • 3. 
    Of the following codes, which is considered to be an authorized transaction?
    • A. 

      EA-4

    • B. 

      EC-2

    • C. 

      ET-3

    • D. 

      Both EA-4 and EC-2

    • E. 

      All of the above

  • 4. 
    A transaction in which TEA buys or sells from a Member and sells or buys to a Non-Member is called a(n):
    • A. 

      External Transaction

    • B. 

      Authorized Transaction

    • C. 

      Member at Risk Transaction

    • D. 

      Expanded Transaction

  • 5. 
    If a change ticket is submitted after the flow date has been settled, and after the month is closed, what folder does it get filed in upon completion?
    • A. 

      Daily Settlement

    • B. 

      Prior Month

    • C. 

      Current Month

    • D. 

      None of the above

  • 6. 
    If a change ticket is submitted after the flow date has been settled, but before month end, what folder does it get filed in upon completion?
    • A. 

      Daily Settlement

    • B. 

      Current Month

    • C. 

      Prior Month

    • D. 

      None of the above

  • 7. 
    Which of the below is not a founding  Member of The Energy Authority?
    • A. 

      MEAG

    • B. 

      GRU

    • C. 

      SC

    • D. 

      JEA

  • 8. 
    The Settlement process is typically completed 3 business days after the flow date a of transaction.
    • A. 

      True

    • B. 

      False

  • 9. 
    A "Dump" transaction is defined as a  temporary shortfall in a Member's generating capacity to serve its Native Load which, consequently, precludes the Member from developing a Target Cost of energy associated with serving some of its Native Load.
    • A. 

      True

    • B. 

      False

  • 10. 
    Electric Settlement is always closed on the 5th business day.
    • A. 

      True

    • B. 

      False

  • 11. 
    A preschedule is considered a term  transacation.
    • A. 

      True

    • B. 

      False

  • 12. 
    The monthly capacity adder applies to which Members and/ or Partners.
    • A. 

      SC

    • B. 

      MEAG

    • C. 

      LEPA

    • D. 

      GRU

    • E. 

      All of the above

    • F. 

      None of the above

  • 13. 
    Which of the below properly describes an Agent Cash Transaction?
    • A. 

      Under TEA's Credit

    • B. 

      Under the Member's Credit

    • C. 

      TEA performs checkout

    • D. 

      TEA does not perform checkout

    • E. 

      TEA handles invoicing

    • F. 

      TEA does not handle invoicing

  • 14. 
    A power write-off amount of $250 can be approved by the Settlement supervisor.
    • A. 

      True

    • B. 

      False

  • 15. 
    An exercised option would be assigned a MCP code of ET-4 in Settlement.
    • A. 

      True

    • B. 

      False

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