"Major event day"

Sec. 8. As used in this chapter, "major event day", or "MED", means a day with respect to which an electricity supplier's daily system SAIDI exceeds a statistical threshold value that is: (1) calculated using the 2.5 Beta methodology developed by the Institute of Electrical and Electronics Engineers; and (2) based on the most recent five (5) years of relevant data for the electricity supplier; as defined in IEEE 1366. As added by P.L.36-2026, SEC.10.