- 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.
Ability of an energy-using facility to alternately use more than one kind of fuel.
Industry:Energy
Designates a method of identifying the size of steel pipe without compromising the actual diameter data. Thus nominal 1 inch pipe with the actual external diameter of 1.315 inch (33.40 mm) becomes NPS 1; nominal 14 inch pipe with internal diameter of 13.250 inch (336.55 mm) becomes NPS 14.
Industry:Energy
Natural gas consumed by the engines in a compressor station, reported as a percentage of the gas transported through the station. Thus, a transporter whose gas passes through one or more compressor stations will be entitled to take delivery of less than 100 percent of the gas introduced into the pipeline network.
Industry:Energy
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
A polymer prepared by the polymerization (copolymerization) of olefin(s) as the sole monomer(s).
Industry:Energy
Abnormally acidic rainfall, most often containing dilute concentrations of sulfuric acid or nitric acid.
Industry:Energy
Destruction of a metal by chemical or electrochemical reaction with its environment.
Industry:Energy
