Glossary of Terms
Not familiar with a term? We've got you covered!
- Warranty Contract
A purchase agreement where the supplier (producer) agrees to supply a specified volume of natural gas over a specified period of time and warrants that it has sufficient reserves to meet its commitments over the life of the contract.
- Water Heater Efficiency Measures
Energy Factor (EF) - A measure of the overall efficiency of a water heater based on its recovery efficiency, standby loss and energy input as set out in the standardized Department of Energy test procedures.
- Water Heater-Direct, Fired
An appliance for producing hot water for domestic or commercial purposes other than for space heating.
- Weather Normalization Adjustment (WNA)
This charge will appear as a line item for KS customers. Each month, the actual delivery charge revenue is compared to revenue that would have been collected under normal weather conditions. At the end of the twelve-month calculation period (Oct.-Sept.), the difference between the two numbers is either refunded or surcharged to you over the next twelve months, depending on whether temperatures were warmer or colder than normal.
The reduction of air infiltration by methods such as caulking and weatherstripping.
- Weighted Average Cost of Gas (Wacog)
The weighted average cost of gas purchases by a natural gas pipeline.
- Weighted Cost
A combination of Actual Cost and Fair Value in rate base determination. See Actual Cost, FAIR VALUE.
The assembly of fittings, valves, and controls located at the surface and connected to the flow lines, tubing, and casing of the well so as to control the flow from the reservoir.
- Wellhead Price
The cost of gas as it comes from the well excluding cleaning, compression, transportation, and distribution charges.
The transportation of customer-owned gas by a transmission company for the customer at a pre-determined cost to the customer.
- Working Capital
The amount of cash or other liquid assets that a company must have on hand to meet the current costs of operations until such a time as it is reimbursed by its customers. Sometimes it is used in the narrow sense to mean the difference between current and accrued assets and current and accrued liabilities.
Working capital includes: 1) Cash working capital requirements; 2) Average monthly balances of: a) materials and supplies (inventory) b) prepayments (i.e., taxes, rents, insurance) c) gas held in storage for current use (inventory) d) advance payments on gas purchases.
The Natural Gas Act permits the recognition of a working capital allowance in the rate base.
- Working Gas
Gas in an underground storage field that is available for market. See STORAGE, UNDERGROUND.
Remedial operations on a producing oil or gas well to maintain or increase production. Examples of workover jobs are plugging back, pulling and resetting liners, repairing downhole problems and squeeze cementing.