- Industri: 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.
One of two principal methods of drilling for gas and oil; the other is rotary. Cable tool, the older method, consists of raising and dropping a heavy drill bit, suspended from the end of a cable, so that it pounds and pulverizes its way through the subsurface structures. Water in the hole keeps the cuttings in suspension for removal at intervals by bailing.
Industry:Energy
The process of forming a material by forcing it, under pressure, from a heated cylinder through a sprue (runner, gate) into the cavity of a closed mold. Fittings are usually made by this process.
Industry:Energy
Tying the commodity price in a contract to other published prices, such as spot prices for gas or alternate fuels, or general indexes like the Consumer Price Index or Producer Price Index.
Industry:Energy
A graph in which the load of a gas system or segment of a system is plotted against intervals of time.
Industry:Energy
A provision approved by the regulatory agency allowing a company to make filings to change its rates, without the usual suspension period, for the purpose of recovering currently the changes in its cost of purchased gas. Pipelines with such tariff provisions are permitted to charge all purchased gas costs, net of storage injections and withdrawals, to a deferred expense account. As gas is sold, the deferred account is credited by an amount equal to the volume of gas sold multiplied by the base average cost and Btu content of gas used in the last rate filing. The difference between the charges and credits to this account is accumulated with interest and billed out to customers over the next annual period as a purchased gas surcharge (positive or negative) adjustment.
Industry:Energy
An accounting procedure under which current Net Income reflects decreases or increases in current taxes on income, arising from the use of liberalized depreciation or accelerated amortization for tax purposes instead of the straightline method. See DEPRECIATION, NORMALIZED.
Industry:Energy
Erosion of earnings on invested capital resulting from the regulatory practice of setting utility rates based on past costs during an inflationary period.
Industry:Energy
