- 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 physical quantity of gas requested, typically in MMBtu/day, for a specific contract or for all contracts at a specific point.
Industry:Energy
This refers to certain approved methods of computing depreciation allowance for federal and/or state income tax purposes. These methods permit relatively larger depreciation charges during the earlier years, in contrast to the straight-line method, under which the annual charges are the same for each year. This is sometimes referred to as accelerated depreciation.
Industry:Energy
A forward-looking mechanism for the current recovery of take-or-pay costs, established in Commission Order No.500. Section 2.105 sets forth the general guidelines for GICs. The GIC is intended to recover costs, on a current basis, associated with contractually committing gas service tailored to meet the customer's nominations. GIC's generally fall into two categories. Some GIC's are cost based, that is, they are designed to recover certain identified costs, subject to a reconciliation mechanism. Other GIC's are market based or market responsive. Market Based GIC commodity charges are based upon a measure of the current market price for gas. Market Based GIC demand charges are generally designed to recover any premiums which must be paid above the current market price for long term gas supply commitments. GIC charges generally are assessed either based on a customer's nominated contract demand (Demand Based GIC) or on the amount by which the customer's takes are less than a percentage of its nominations (Deficiency Based GIC). Prior to receiving authority to implement a Market Based GIC mechanism, the Commission must first find that the pipeline is operating in a market that is sufficiently competitive and that the pipeline's firm transportation service is comparable in quality to its firm sales service. See COMPARABILITY OF SERVICE.
Industry:Energy
Natural gas consumed in the operation of a natural gas pipeline, primarily in compressors.
Industry:Energy
The amount of revenues the utility needs to receive in order to cover operating expenses, pay debt service, and provide a fair return to common equity investors.
Industry:Energy
The pipe which carries gas from the main to the customer's meter. Compare CLASS OF SERVICE.
Industry:Energy
This refers to Title 49, Part 192, of the code of Federal Regulations and contains the legal minimum requirements for gas transportation within the United States.
Industry:Energy
A friction coupling adjusted to slip at a predetermined torque to protect the rest of the system from overload.
Industry:Energy
