Practice Test - Level 1 A

The marginal cost for a utility to produce one more unit of power is called a(n)                                 .

A Member paying TEA on the 25th calendar day is acceptable since TEA pays or collects funds from 3rd parties on the 20th calendar day.

• True

• False

Which balance sheet account is used for TEA power sales?

• 1321

• 2111

• 2121

• 1311

• None of the above

How many transaction discoveries and/ or hourly discoveries are required to get a Settlement code of EA/EC-4?

• Two transaction discoveries.

• Two hourly discoveries w/ no transaction discoveries selected.

• One transaction discovery.

• None of the above.

A transaction discovery in the FRCC market with volume of 25, 18, and 33 can be compared to other transactions in development of the MCP.

• True

• False

A physical transaction used to fulfill a FLD (Firm Liquidated Damages) obligation is called a:

• Bookout

• Sleeve

• Resupply

• Loss Repay

• None of the above

Which of the below accurately describes an internal generation deficient deal for East and Midwest markets?

• The capacity (gen-def) adder will equal the margin per mwh.

• The capacity (gen-def) adder does not apply to internal transactions.

• The sales price on the transaction is used to calculate the gen-def price.

• The trader provided MCP is used to calculate the gen-def price.

• The purchase price on the transaction is used to calculate the gen-def price.

• None of the above.

The POR (Point of Receipt) is another way of describing the market location on a deal.

• True

• False