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Natural Gas

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Administrative and general expenses

Administrative and general expenses are a sub-category of expenses incurred in the normal day-to-day operations of a business. Utility...

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Administrative ratemaking

Administrative ratemaking is an alternative to cost-of-service ratemaking in which a government agency determines rates rather than...

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Aggregator

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

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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...

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Amortization

Amortization is the process of reducing or paying off a financial obligation with regular payments. An example is making equal monthly...

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Anaerobic digestion biogas

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

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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...

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Associated gas

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

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Automated meter reading (AMR)

Automated meter reading or AMR (also sometimes called automatic meter reading) combines the electronic capabilities of newer solid-state...

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Backhaul

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

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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...

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Balancing (natural gas volumes)

Users of natural gas are rarely able to forecast exactly how much gas they will need on a given day. Production rates go up and down,...

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Balancing account

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

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Basis

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

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Bid week

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

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Biofuel

A biofuel is a renewable energy source made from organic matter or waste. Because biofuels can be carbon neutral, or even carbon...

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Blowdown

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

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British thermal unit (Btu)

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

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Bundled service

The service that gas and electric end users receive is actually two services: commodity (which is the natural gas or electron flow) as...

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Burner tip

The burner tip is the point in the natural gas delivery system where the gas is consumed. Often it is generically used to indicate once...

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