دیکشنری تخصصی مهندسی نفت - نسخه آنلاین

n: FERC proposal calling for separation of old and new gas into blocks. or batches. for interstate sales and shipping.

n: (FERC) an independent agency (created in 1977) of the Department of Energy that has jurisdiction over oil pipelines engaged in interstate commerce. With respect to the natural gas industry, the general regulatory principles of the FERC are defined in the Natural Gas Act (NGA),and the Natural Gas Policy Act (NGPA). The FERC also has jurisdiction over wholesale interstate electric rates, hydroelectric licensing, and oil pipeline rates. Its predecessor was the Federal Power Commission (FPC). Address: 888 1st Street NE;Washington, DC 20426;(202) 208-0200.

abbr: Federal Energy Regulatory Commission.

Federal Energy Regulatory Commission (US gov. agency).

n: provision in gas purchase contracts that allows the purchaser to reduce the price paid to the producer by an amount that FERC did not allow in the purchasers rate base for ultimate passthrough to the purchasers customer.

n: clause in a gas sales contract that covers what buyer and seller agree to do about price in the event of decontrol.

n: defined by the FERC as any sale of natural gas to any interstate pipeline or intrastate pipeline, to any local distribution company, or to any per- son for use by such person.

n: defined by FERC as the first transfer for value to a class of purchaser for which a fixed price per unit of volume is determined.

n: a natural gas pipeline company that is engaged in the transportation, by pipeline, of natural gas across state boundaries. The pipeline is subject to FERC jurisdiction under the Natural Gas Act and under the Natural Gas Policy Act.

n: a natural gas pipeline company that is engaged in the transportation, by pipeline, of natural gas not subject to FERC jurisdiction under the Natural Gas Act and under the Natural Gas Policy Act.

n: an agreement in which a party receiving gas sales proceeds agrees to refund part of such proceeds in the event FERC orders the party to return part of the gas sales proceeds to the purchaser because a portion of the rate is deemed unjustified.