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Department of Energy - A cabinet-level federal agency created in 1977 to replace the Federal Energy Administration.
The RTO projects the hourly load requirements for the markets it serves, collects bids from generators, and dispatches plants to provide energy, reserve capacity and power regulation services.In addition, the minimum bill for this type of contract often is equal to the demand charge plus a percentage of the contract volume.Definite price escalator clause, contract provision that provides for either a fixed dollar price increase or a set percentage increase on a periodic basis.Fuel loss is generally expressed as a percentage of the quantity received into the pipeline or LDC.Dominion is owned by Dominion Resources.At the end of trading on the third-to-last business day of each month, the nearest (prompt) month contract expires and trading commences for the new 72nd month of the forward strip.Gathering The process of collecting natural gas flowing from numerous wells and bringing it together into pooling areas where it is received into transmission pipelines.Transcontinental Zone 6, New York - A rate zone on Transcontinental Gas Pipeline that includes delivery points serving New York City and Public Service Electric Gas in New Jersey.Dominion owns and operates the largest collection of underground natural gas storage assets in the.S.Minimum commodity bill A charge that requires the purchaser to pay the full commodity charge for a specified percentage of contracted quantities whether or not the specified amount of gas is actually taken.M3 - Texas Eastern Market Area 3 - A rate zone on Texas Eastern Transmission that includes delivery points serving metro New York, New Jersey and eastern Pennsylvania.Gas Daily - A natural gas industry trade journal published each business day by Platts.System gas is subject to Federal Energy Regulatory Commission (ferc) or State tariff and is generally sold under long-term (contract) conditions.City Gate - The point of demarcation between a natural gas transmission pipeline and the local distribution company.Rate schedule The rates, charges, and provisions under which service is supplied to the designated class of customers.The 5 day simple moving average, for instance, is a series of values that equal the straight average of the preceding 5 daily settlement prices for each day.