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TeachMeFinance.com - explain Failure or hazard Failure or hazard The term 'Failure or hazard' as it applies to the area of energy can be defined as ' Any electric power supply equipment or facility failure or other event that, in the judgment of the reporting entity, constitutes a hazard to maintaining the continuity of the bulk electric power supply system such that a load reduction action may become necessary and reportable outage may occur. Types of abnormal conditions that should be reported include the imposition of a special operating procedure, the extended purchase of emergency power, other bulk power system actions that may be caused by a natural disaster, a major equipment failure that would impact the bulk power supply, and an environmental and/or regulatory action requiring equipment outages'. Previous 5 Terms: Fahrenheit Fahrenheit Fahrenheit (F) Failed acreage Failure Next 5 Terms: Failure potential assessment Fair FAIR Act of 1996 Fair information practices Fair market value (FMV) About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.