- 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.
As applied to plant, means property which has been removed, sold, abandoned, destroyed, or which for any cause has been withdrawn from service.
Industry:Energy
In the gas industry, the temperature of the earth at pipe depth.
Industry:Energy
Term used to designate a test of the reasonableness of an allocation of costs. In this test the rates designed to recoup the costs allocated to jurisdictional business are applied to the billing units of non-jurisdictional business to determine whether such rates will produce more or less revenues than the costs which have been assigned to the non-jurisdictional business. The "equal rate treatment" is also used as an allocation methodology. In this instance rates are designed which will recoup the total cost of service and are applied equally to jurisdictional and non-jurisdictional business.
Industry:Energy
The liabilities incurred by many pipelines under contractual obligation to pay for volumes of gas they were unable to take because of reduced sales and lack of market demand. Some of the liability may in effect represent prepayment for gas that may be taken at a later time. Conversely, a portion of the liability may represent unrecoverable obligations due to contractual limitations or the inability of the pipeline to take the gas at a later period. See TAKE-OR-PAY CREDITS. Methods for recovery of Take-or-Pay liabilities were addressed by the Commission in Order No.500. See EQUITABLE SHARING MECHANISM.
Industry:Energy
The term "United rate design" refers to a method of determining demand and commodity rates whereby 75% of fixed costs are classified in the commodity component and 25% in the demand component.
Industry:Energy
A device installed in and made a part of the vent to provide a positive, induced, or balanced draft.
Industry:Energy
A method to determine the cost of common equity component of return using the ratio of earnings per share to the stock price.
Industry:Energy
A temporary platform erected in the derrick at an elevation of about 20 to 40 feet above the derrick floor. The derrickman or other crew members work on this board while casing is being run in a well. Derived from the term "to stab" meaning to guide a joint while it is being screwed into another joint or section.
Industry:Energy
As in "fair" rate of return. In ratemaking "fair" is a subjective term requiring significant study to support the proposed level.
Industry:Energy
