Glossary Terms

Load

The amount of electric power drawn at a specific time from an electric system, or the total power drawn from the system. Peak load is the amount of power drawn at the time of highest electrical demand. Or a device or aggregation of devices that are connected to an electrical system that consume electrical power.

IRS Private Letter Rulings

A notice from the IRS that makes a ruling on how a particular portion of the tax code applies in a specific instance for an individual or business. Many community wind projects have asked the IRS for rulings on the ability of the project’s business structure to take advantage of the production tax credit (and other tax advantages) in a way that is within the law. Private letter rulings from the IRS only apply to the specific project the ruling is addressed to.

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