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maintenance derating: The removal of a component for scheduled repairs that can be deferred beyond the end of the next weekend but requires a reduction of capacity before the next planned outage.
maintenance outage: The removal of equipment from service availability to perform work on specific components that can be deferred beyond the end of the next weekend but requires the equipment be removed from service before the next planned outage. Typically, a maintenance outage may occur anytime during the year, have a flexible start date, and may or may not have a predetermined duration.
management audit: A review of a utility's management and operations to identify opportunities for reducing costs and improving the quality of service to its customers.
mandatory time of use (MTOU): A required time of use rate structure, normally for large usage customers.
manufactured gas: Manufactured flammable gas produced from natural elements, mostly as a by-product of another manufacturing process, i.e., wood gasification.
margin: The difference between net capacity resources and net internal demand. Margin is usually expressed in megawatts (MW).
market out clause: Permits a party to escape from the terms of a gas purchase contract upon certain conditions, such as the contract price renders it unmarketable. This is generally an economic escape clause and should not be confused with the force majeure clause.
marketer: An entity that has the authority to take title to electrical power generated by itself or another entity and remarket that power at market-based rates.
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