Natural Gas

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Administrative and general expenses

Administrative and general (A&G) expenses are a sub-category of expenses incurred in the normal day-to-day operations of a business.

Administrative ratemaking

Administrative ratemaking is an alternative to cost-of-service ratemaking where a government agency determines rates rather than setting them in …

Aggregator

An aggregator is an entity that combines end-use customers or distributed energy assets into groups for the purpose of participating in wholesal …

Allowance for funds used during construction (AFUDC)

Allowance for funds used during construction, commonly called AFUDC, is a regulatory method of compensating a utility for the financing costs it …

Amortization

Amortization is the process of reducing or paying off a financial obligation with regular payments.

Anaerobic digestion biopower

A method to convert biomass to gas is the natural process of anaerobic decomposition in a device called an anaerobic digester.

Aquifer gas storage

An aquifer is an underground body of rock, sand, or gravel that holds groundwater. In some areas natural aquifers have been converted to natural …

Associated gas

Some oil wells also produce natural gas along with the oil. The produced gas is called associated-dissolved gas, or, more simply, associated gas …

Automated meter reading

Automated meter reading or AMR combines the electronic capabilities of newer solid-state meters with communication systems such as radio, phone, …

Backhaul

Backhaul is a contractual transaction where gas is moved on a pipeline in the opposite direction of flow.

Balance sheet

A balance sheet is a financial snapshot of the value of the assets owned by a company and the liabilities owed by a company at a point in time.

Balancing (natural gas volumes)

Balancing is a technique used throughout the natural gas industry to allow parties to manage day-to-day fluctuations in gas deliveries and/or re …

Balancing account

A balancing account is an accounting mechanism used by regulated utilities to keep track of the difference between projected expenses and actual …

Basis

Basis is a term used in energy trading to describe the difference between two methods of setting prices.

Bid week

In natural gas wholesale trading markets, bid week is the last five business days immediately preceding the first of each month.

Biofuel

There are two categories of biofuels: primary biofuels that are used directly without conversion to create useful energy such as heat, and secon …

Blowdown

A blowdown is the purposeful venting of natural gas to the atmosphere during well operations and/or during pipeline operations or maintenance to …

British thermal unit (Btu)

A British thermal unit, or Btu, is a common measurement of the energy and is often used to express the amount of energy contained in a quantity …

Bundled service

The service that gas and electric end users receive is actually two services: commodity and delivery. Bundled service happens when the distribut …

Bypass

Bypass is the act of connecting an end-use customer directly to a gas or electric delivery system other than the customer’s utility distributi …