- Industry: Energy
- Number of terms: 18218
- Number of blossaries: 1
- Company Profile:
The American Gas Association represents local energy companies that deliver natural gas throughout the United States.
The obligation to carry, for a fee, gas offered by another party. Also known as COMMON CARRIAGE.
Industry:Energy
The volume of recoverable, salable gas reserves committed to or controlled by the reporting pipeline company as the buyer in gas purchase contracts with independent producers, as sellers, including warranty contracts, and which are used for acts and services for which the company has received certificate authorization from the FERC.
Industry:Energy
A billing procedure which provides for the billing of a portion of utility customers each working day so that all customers are billed within a predetermined period, such as one month, two months, etc. (In some companies, each day's billing is referred to as a "billing cycle day," "billing day," or "billing cycle." Other companies use "billing cycle" to refer to the total period which covers billing of customers within a specific period).
Industry:Energy
A geological liquid consisting of hydrocarbons and relatively small amounts of sulfur, nitrogen, and oxygen in the form of derivatives of hydrocarbons. Crude is formed under pressure from residual plant matter accumulated in a swamp over a period of time. It may come from the earth with varying quantities of water, gas, and other organic matter. Some crudes are very volatile and others are very viscous liquids. Crude oil may contain such impurities as sulfur and hydrocarbons. These are compounds containing a variety of combinations of carbon with hydrogen. There are a very large number of these compounds and they form the basis of a number of petroleum products. These compounds may exist as gases or liquids or solids. A number of hydrocarbons are also contained in bituminous coal, oil shale and tar sands. Crude is generally classified into three basic types: paraffin base crude oils contain a high degree of paraffin wax and little or no asphalt. Besides wax, they also yield large amounts of high-grade lubricating oil. Asphalt base crudes contain large proportions of asphaltic matter, and mixed base crudes contain quantities of both paraffin wax and asphalt. This is why crude oils do not always look alike. Some are almost colorless or pitch black. Others can be amber, brown or green. They may flow like water or creep like molasses. Some crudes, containing relatively large amounts of sulfur and other mineral impurities, are called "sour" crudes. Others, having a fairly low sulfur content, are called "sweet" crudes.
Industry:Energy
A proposal by the FERC to change its rules. Sometimes preceded by a Notice of Inquiry. Normally calls for comments from all interested parties and in some cases, reply comments and/or public hearings. A NOPR may or may not result in a final rule.
Industry:Energy
An accounting method under which decreases or increases in state or federal income taxes resulting from the use of liberalized depreciation and the Investment Tax Credit for income tax purposes are carried down to net income in the year in which they are realized. For rate-making purposes, the flow-through method passes on savings from liberalized depreciation and investment credit to the benefit of rate payers through lower rates.
Industry:Energy
Equipment, normally consisting of a generator and related material to produce foam for fire control particularly necessary for LNG spillover.
Industry:Energy
One of two distinct mechanisms for passthrough of take-or-pay buyout costs of interstate natural gas pipelines. The first is pursuant to the Commission's historic policy of permitting prudently incurred costs to be recovered in the sales commodity rate. The second, alternate method was developed in Order No.500. The EQUITABLE SHARING MECHANISM, is available to open access pipelines which agree to an equitable sharing of take-or-pay costs and permits them to recover costs over a specified amortization period, such as five years. Where a pipeline agrees to absorb from 25 to 50 percent of take-or-pay costs, the Commission permits the pipeline to recover through a fixed charge an amount equal to, but not greater than, the amount absorbed. Any remaining costs up to 50 percent of total buyout and buydown costs may be recovered either through a commodity rate surcharge or a volumetric surcharge on total throughput. Fixed charges are allocated among firm sales customers in accordance with the PURCHASE DEFICIENCY METHODOLOGY. See BASE PERIOD and DEFICIENCY PERIOD.
Industry:Energy
The conduit of an appliance which supplies gas to the individual burners. Also, a pipe to which two or more outlet pipes are connected.
Industry:Energy
