Quizlet Questions Flashcards
ACA
Annual Charge Adjustment - surcharge permitted by FERC for pipelines to charge shippers (us). This fee is passed back to the FERC
At the Hole vs In The Hole
Natural Gas that has arrived at the storage facility but has not been injected is “at the hole”. Once injected, it is netted of injection fuel and is considered “In the hole”.
Backhaul
A paper transport of natural gas by displacement against the flow on a single pipeline, so that the natural gas is redelivered upstream of its point of receipt
Banked Gas
Volume of gas, positive or negative, left on Piedmont’s system to be resolved at a future time. Only former NCNG customers have this in their contracts.
Base Load
A fixed volume of gas taken or delivered each day for at least a month. The Supply Contract version contains the MDQ but the nomination (which refers to the contract version) is where the actual volumes are.
“Receipt TP 1000065”
Transfer Point Station 65 or zone 3
Boil Off
A natural phenomenon which occurs when liquified natural gas in a storage vessel warmes to its boiling point and gases evolve.
Business Area
a Division of business territory based on Gas Accounting’s reporting of the cost of gas. Currently just Tenn and NCSC.
Call
An option contract that gives the holder the right but not the obligation to Buy a commodity at a specified price (strike Price) on or before a specified date.
Capacity Release
Process of the assignment or release of part or all of firm transportation rights to another party; done on a temporary or permanent basis.
Capacity Rights
Refers to the level of firm transportation service to shich a customer has a contractual right.
Cash Out
Procedure in which shippers are allowed to resolve imbalances by cash payments, in contrast to making up imbalances with gas volumes in-kind
Commodity Charge
A charge per unit or heat content of gas delivered to the buyer.
Common Gas Area (CGA)
Group of geographically co-located meters. A calculation of their volume less the LNG withdrawal and boil-off is used in S2k billing
Confirm nomination
A notification from the pipeline that the pipeline will perform this requiested nomination.
Daily Average sendout
The total quantity of gas delivered for a period of time divided by the number of days in the period.
One Dekatherm = ? Btu’s
One million
Delivery Point
A designated takepoint on the pipeline where gas is delivered.
Demand
Rate at which natural gas is required by a system for a designated period
Demand Charges
The portion of a rate for gas service which is billed to the customer whether they use the service or not.
Docket
A formal proceeding before the state Commission. Docket number are assigned to individual proceedings.
DPE
Delivery Point Enttitlement; An agrement between the pipeline and Piedmont about the minimum pressure and volume available consistently.
ESS
Eminence Storage Service. ESS is on the Transco pipeline near Hattiesburg, MS. It is near a Transco/TGP interconnect.
Base Gas vs Top Gas
Base is a volume of gas intended as a permanent inventory in a storage resevoir to maintain adequate pressure and deliverability. Anything above is top gas.
Bundled Storage
A storage that includes transportation service and fees to and from the delivery location; No separate trans contract necessary; Includes Transco LNG and GSS.
Unbundled Storage
Storage service that does not include transportation and gas must be nominated to and from the storage location on a separate transportation contract.
Ferc
The Federal Energy Regulatory Commission. An agency that regulates the interstate electric power and natural gas industries.
IF FOM
Inside Ferc Gas Merret Report publication that sets the price for the full month on the First of the Month (FOM).
Force Majeure
Irresistible forces that excuses a failure to perform.
FSS
Firm Storage Service on TCO (Columbia) located in KY. Currently the asset managed by United Energy (2015).
Gasification
The process during which liquified natural gas (LNG) is returned to its vapor or gaseous state through an increase in temperature and a decrease in pressure.
In-Field Transfer
Transferring inventory from two parties in the same storage facilities. We may buy or sell inventory. Ther are no charges for the movement of the gas because it stays in the same place.
IT vs FT
Interuptible transportation vs firm transportation. FT is firm which cannot be curtailed except for a force majeure
Jurisdiction
State or federal agency having regulatory jurisdiction over the transportation or sale of the natural gas. Determined by the jurisdiction of the tranportation contract used.
Keep whole contract
A baseload contract in which PNG may choose not to take the gas; if PNG does not take the gas, we still pay the reservation fee and the ultimate gain or loss on sale is settled between supplier and buyer.
Lateral
A pipe in a gas distribution or transmission system which branches away from the central and primary part of the system.
LAUF
Lost and unaccounted for gas through a system. Determined by Gas Accounting.
Liquifaction
Any process that turns a gas into a liquid.
Margin Decoupling
A rate design that breaks the link between how much natural gas is delivered to customers and profits. The rate design encourages customers to conserve and use energy more efficiently through incentives and promotions.
MDQ
Maximum Daily Quantity - The greatest quantity of gas to ve received and or delivere in a 24 hour period by the trnasporting pipeline on behalf of the shipper under terms defined in a contract.
Meter Station
A location on the main pipeline where sales meters are located and gas may be transferred from pipeline to consumer.
NCUC
NC Utilities Commission - agency that regulates the rates and services of all public utilities in NC.
Nomination
Requests to pipeline under a contractual agreement to trnasport natural gas from specified receipt points to specified delivery points..
OBA Agreement
Operational balancing agreement; An agreement that we have with a pipeline but not an asset manager. It determines if we have to cash out, swing to storage or make up imbalances.
OSS Pool to Pool
Sale of gas at a pool location; Accomplished with a no cost capacity contract. No transportation necessary.
Office of Regulatory Staff
A SC state agency whose mission is to represent the public interest in utility regulation for the major utility industries.
PDA
Predetermined Allocation Agreement - An agreement directing a pipeline on how to allocate an imbalance among shippers and suppliers. Compared to OBA’s which allocate imbalances to the operator.
Put
An option contract that gives the holder the right but not the obligation to SELL a commodity at a specified price (strike Price) on or before a specified date.
Rate Base
The investment value established by a regulatory authority upon which a utility is permitted to earn a specified rate of return.
Rate Stablization Act
A SC law design to reduce volatility of customer rates by allowing for more effcient recovery of the costs that regulated utilities incur in expanding, improving and maintaining natural gas service infrastructure.
Receipt Point
A designated takepoint on the pipeline where PNG receives gas.
Reservation Fee
A set fee to reserve the rights to have gas available. The fee will be paid even if the gas is not taken except in force majeure conditions.
Sale for Resale (SFR)
Sales made to a LDC, pipeline or municipality where the gas will be resold by the purchaser. Always spans lower volume months.
Scheduling
A process by which nominations are first consolidated by receipt point, by contract and verified with upstream/downstream parties.
