- 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.
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
The connection of branch piping to an operating line, and the tapping of the operating line while it is under pressure.
Industry:Energy
The process of heating, cooling, humidifying, filtering, drying, deodorizing, or otherwise treating air in a room or building to maintain a specified temperature and/or relative humidity and to remove impurities.
Industry:Energy
Type III polyethylene with a density of 0.941 to 0.965 g/cubic centimeters.
Industry:Energy
A federal law, Public law 91-596, enacted in 1970, comprising federal standards for safety and health for people at work. The regulations issued under this Act can be found in Title 29, Part 1910, and Part 1926 of the Code of Federal Regulations.
Industry:Energy
A pipeline, usually of small diameter, used in gathering gas from the field to a central point.
Industry:Energy
