TeachMeFinance.com - explain Independent Power Producer (IPP)
Independent Power Producer (IPP) The term 'Independent Power Producer (IPP)' as it applies to the area of reclamation can be defined as ' Non-utility owned electric resources. A non-utility power generator that is not a regulated utility, government agency, or qualifying facility (QF) under the Public Utility Regulatory Policies Act of 1978 (PURPA). IPPs sell the power they generate in the wholesale market, typically to electric utilities. The terms of power purchase agreements between IPPs and power purchasers are subject to approval by the Federal Energy Regulatory Commission (FERC)'.
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