- 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.
Used in association with the EQUITABLE SHARING MECHANISM. A period during which the current take-or-pay liabilities of the pipeline were incurred. A customer's cumulative deficiency in purchases during this period, in comparison to a BASE PERIOD, is compared to the system's total cumulative deficiencies to determine that customer's proportionate share of fixed take-or-pay charges. See BASE PERIOD, EQUITABLE SHARING MECHANISM and PURCHASE DEFICIENCY METHODOLOGY.
Industry:Energy
The process of cutting out a portion of a weld in a pipeline for testing as to acceptability.
Industry:Energy
Two panes of glass, usually parallel, with an air space between, used to provide increased thermal and/or sound insulation.
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 calculated or artificial reserve, rather than actual, used as a guide in analyzing the actual reserve condition. It is not an exact measurement for determining the condition of the actual reserve.
Industry:Energy
A group of balance sheet accounts which includes Non-Utility Property, Accumulated Provision for Depreciation and Amortization of Non-Utility Property, Investment in Associated Companies, Other Investments, and the Special Funds Accounts.
Industry:Energy
A provision which decreases a shipper's right to capacity if the shipper does not use it at a certain level. The purpose of such a provision is to encourage accurate capacity nominations and full pipeline utilization. Because firm shippers pay a reservation charge for capacity, whether or not they fully utilize that capacity, the Commission has found that no use-or-lose provision may apply to firm transportation.
Industry:Energy
