### Question
How is the term short-term sale defined?


### Answer
The term **short-term sale** is defined in *16 U.S.C. § 824e* as the following:

> an agreement for the sale of electric energy at wholesale in interstate commerce that is for a period of 31 days or less (excluding monthly contracts subject to automatic renewal)

#### Citation:
  - *16 U.S.C. § 824e*
  - Heading: **CHAPTER 12-FEDERAL REGULATION AND DEVELOPMENT OF POWER > SUBCHAPTER II-REGULATION OF ELECTRIC UTILITY COMPANIES ENGAGED IN INTERSTATE COMMERCE**

