- 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.
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
Two pieces of dissimilar metal welded or brazed together at one end. When the welded end is at a different temperature from the free ends, an electrical voltage is developed that can be measured across the free ends, and that is proportional to the temperature difference and can, therefore, be used to measure the temperature at the brazed end.
Industry:Energy
A blower in which the rotating part is equipped with blades that rotate between stationary blades attached to the housing. The respective sets of blades are set at an angle such that, as the rotor turns, gases are pushed through the blades and discharged from the opposite side, pass through the stationary blades, and then are given another push by the next set of rotating blades, finally being discharged from the casing at the opposite end from which they entered.
Industry:Energy
A geological term applied to an underground rock stratum; in the gas industry, usually the one from which gas or oil is produced.
Industry:Energy
A proposed pipeline system to transport gas from the Prudhoe Bay field in Alaska to the vicinity of Chicago and San Francisco through Canada. Portions from Canada towards San Francisco (the Western Leg) and from Canada towards Chicago (Northern Border Pipeline) were "prebuilt" to import gas from Canada prior to the flow of Alaskan gas. The project was authorized by the ANGTA of 1976 and the President's Decision and Report to Congress in September 1977.
Industry:Energy
An accounting method under which Net Income includes charges or credits equal to the decreases or increases in current taxes on income, arising from the use of liberalized depreciation or accelerated amortization for tax purposes instead of the straight-line method. The contra entries for such charges to Net Income are suspended in Balance Sheet accounts. In future years, there is a feedback of these suspended amounts to Net Income when increases in the then current taxes on income occur because liberalized depreciation or accelerated amortization was used for tax purposes in prior years. See DEPRECIATION, FLOW-THROUGH; RESERVE FOR DEFERRED OR FUTURE INCOME TAXES.
Industry:Energy
Equity refers to the considerations of fairness or justice in the setting of rates - fairness between investors and consumers when the general level of rates is at issue, and the fairness among different classes of consumers when the rate relationships are under inquiry. Fair treatment in the setting of rates does not necessarily mean equal rates since, for example, the unit costs of serving different customer classes may be different. Also, that part of a business enterprise owned by the stockholders. Usually represented in the financial
Industry:Energy
