The glossary of terms is arranged alphabetically. Click on the letters below to find terms beginning with that letter.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Netback Pricing: A contractual arrangement in which the price of gas at the wellhead is based on what it sells for at the burner tip. The market price is defined as the burner tip price, less transportation and distribution costs, including the profit margins of pipelines and distribution companies.
Nomination: A shipper's offer to move gas on a pipeline during a given period. Most nominations are made on a daily basis, although mid-day and hourly nominations are possible on some systems.
No-Notice Service: A bundled, city-gate firm sales service under Order 636 that allows customers to receive gas on demand to meet peak service needs (caused, for example, by unexpected changes in weather) subject to delivering supplies into the pipeline under a pack or draft order without paying daily balancing and scheduling penalties. The pipeline could charge imbalance penalties however, for monthly imbalances.
Notice of Inquiry (NOI): Procedure used by FERC to gather information on a specified industry issue. Typically, an NOI calls for comments from all interested parties and, in some cases, public hearings.