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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)'. Previous 5 Terms: Indemnity payment Independent assortment independent events Independent Laboratory Independent power producer Next 5 Terms: Independent spent fuel storage installation (ISFSI) Independent system operator (ISO) independent variable Indeterminate public health hazard Index admission 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.