Utility Rates, Grid, and Markets
North American Electric Reliability Corporation develops and enforces reliability standards for the bulk power system under regulatory oversight. NERC terms matter when a site, utility, or interconnection touches bulk electric system planning or compliance.
Turnkey means a facility or capacity block is delivered ready for the tenant's intended use, subject to agreed acceptance criteria. In data centers, "turnkey" should specify power, cooling, connectivity, security, commissioning, and operational responsibilities.
Read definition →Purchase and Sale Agreement is the contract governing acquisition of real property. For powered land, the PSA should align diligence, title, easements, utility milestones, zoning, environmental risk, and closing conditions.
Read definition →Force majeure excuses or extends performance for extraordinary events beyond a party's control, depending on contract language. For data center projects, it should be reviewed against utility delays, supply-chain issues, permitting delays, grid events, labor, and weather.
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