Business and Regulation

Administrative and general expenses

Administrative and general (A&G) expenses are a su

Administrative ratemaking

Administrative ratemaking is an alternative to cos

Aggregator

An aggregator is an entity that combines end-use c

Allowance for funds used during construction (AFUDC)

Allowance for funds used during construction, comm

Amortization

Amortization is the process of reducing or paying

Avoided cost of electricity

The term ‘avoided cost’ is used to describe th

Balance sheet

A balance sheet is a financial snapshot of the val

Balancing account

A balancing account is an accounting mechanism use

Basis

Basis is a term used in energy trading to describe

Bilateral electric contract

A bilateral contract is a private trade between tw

Bundled service

The service that gas and electric end users receiv

Bypass

Bypass is the act of connecting an end-use custome

California energy crisis

In the early 2000s, California had a shortage of e

Cap and Trade

Cap and Trade is a regulatory mechanism tied to re

Capacity (contractual)

When market participants contract to use specific

Capacity (natural gas)

In the natural gas industry, capacity measures the

Capacity payment

A capacity payment is made by a user of an energy

Capacity release

In the U.S., holders of firm natural gas pipeline

Capital

Monetary capital is the money required to acquire

Capital expenditure

Capital expenditures refer to money spent to buy o