The coordinating organization for America’s federated national standards system. The ANSI federation consists of nine hundred companies, large and small, and some two hundred trade, technical, professional, labor, and consumer organizations.
An industry trade group representing natural gas utility companies.
A provision of many energy futures contracts that allows for both sides of the futures market to make deliveries under terms and conditions which differ markedly from those described by the strict delivery rules. ADP’s always occur following the expiration of contracts for the spot month, after deliveries have been matched.
The rate of return that a regulatory commission allows on a rate base in establishing just and reasonable rates for a utility. It is usually based on the composite cost of financing rate base from debt, preferred stock, and common equity.
A component of construction costs representing the net cost of borrowed funds and a reasonable rate on other funds used during the period of construction. AFUDC is capitalized until the project is placed in operation by concurrent credits to the income statement and charges to utility plant, based generally on the amount expended to date on the particular project. Effective Jan. 1, 1977, FERC amended the Uniform System of Accounts establishing formulas for maximum allowable AFUDC rates.
The method of limiting the volume of products that can be purchased from a supplier for a variety of reasons such as natural disasters, loss of delivery infrastructure or similar supply disruption.
An oil refining unit in which propylene or butylene reacts with iso-butylene to yield a high octane gasoline blending component called alkylate. Alkylate helps improve the environmental qualities of gasoline – low vapor pressure, zero sulfur content, zero olefin content, zero benzene and a high octane number.
A refining operation that takes low value derivatives from the cat cracking and other processes and unites them in the presence of an acid catalyst to produce a very high octane, low vapor pressure gasoline blending component.
Family name of a group of organic chemical compounds composed of carbon, hydrogen and oxygen. Examples are methanol, ethanol and tertiary butyl alcohol. Alcohol and alcohol blends are added to gasoline in order to make it burn cleaner and boost octane.
A marketing company that buys and resells gas and is owned either by an interstate pipeline, a local distribution company or a corporation that also owns either an interstate pipeline subsidiary or a local distribution company.