- 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.
Tar free gas occurring between the carbonization and gasification zones in a coal gasification plant.
Industry:Energy
The investment value established by a regulatory authority upon which a utility is permitted to earn a specified rate of return. Generally, this represents the amount of property used and useful in public service and may include plant held for future use and may or may not include all or part of construction work in progress. If all or part of construction work in progress is included in rate base, there may or may not be an offset or partial offset to its return requirements due to the inclusion of an allowance for funds used during construction in net operating income. The investment included in rate base may be based on the following values or combinations thereof: fair value, prudent investment, reproduction cost, or original cost. The rate base may provide for the inclusion of working capital with positive allowances for cash-working capital, materials and supplies including fuel supplies and gas stored underground, bank balances, prepayments, and deductions for expense items such as property taxes and income taxes which are expensed currently but not paid until a later date. Rate base may also be adjusted to reflect customer payments for construction, company payments for advances, accumulated deferred income tax, and accumulated deferred investment tax credits to the extent the tax laws permit rate base adjustments. (Some jurisdictions reflect accumulated deferred tax balances as reductions to rate base while other jurisdictions reflect accumulated tax balances as zero cost money in the cost of capital determination).
Industry:Energy
The term "flat demand rate" applies to a charge for gas service based upon the customer's installation of gas-consuming devices. this is usually so much per mcf, therm, month, or year. Sometimes this type of rate is nominally so much per fixture (as gas lamps) per year or month but estimated demand and quantity of gas likely to be used play an important part in the determination. Such a rate may be modified by the "block" or "step" methods.
Industry:Energy
A device for making a hole through the casing, cement, and into the producing formation of a well to provide channels for flow of gas and/or oil into the well.
Industry:Energy
A method to allocate a portion of demand cost to customer classes based on those classes' nominated level of service.
Industry:Energy
A tabulation of bills by size (consumption) and type of service rendered.
Industry:Energy
Apparatus used to determine the accuracy of displacement meters. Types of provers include bell, critical flow, low pressure flow, piston and transfer.
Industry:Energy
In negotiating situations where the seller of gas has the right to solicit third-party bids for his gas, a right of first refusal provision gives the buyer of the gas the option of meeting the third party bid price and continuing the contract on such terms.
Industry:Energy
