The glossary of terms is arranged alphabetically. Click on the
letters below to find terms beginning with that letter.
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.
North American Energy Standards Board (NAESB):
NAESB has four quadrants: wholesale gas, retail gas, wholesale
electric, and retail electric.
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.