Energy Terms

 

Learn all the terms we use

I

Imbalance:

Where a Pipeline of LDC receives a specific volume of natural gas designated for delivery to a customer and redelivers a larger or smaller volume under terms of a transportation agreement.

Industrial:

The industrial sector is generally defined as manufacturing, construction, mining agriculture, fishing and forestry establishments Standard Industrial Classification (SIC) codes 01-39. The utility may classify industrial service using the SIC codes, or based on demand or annual usage exceeding some specified limit. The limit may be set by the utility based on the rate schedule of the utility.

Interconnect:

A physical delivery or receipt point where one pipeline connects with another.

Intermediate Load:

The range from base load to a point between base load and peak. This point may be the midpoint, a percent of the peakload, or the load over a specified time period.

Interruptible Load:

Refers to program activities that, in accordance with contractual arrangements, can interrupt consumer load at times of seasonal peak load by direct control of the utility system operator or by action of the consumer at the direct request of the system operator. It usually involves commercial and industrial consumers. In some instances the load reduction may be affected by direct action of the system operator (remote tripping) after notice to the consumer in accordance with contractual provisions. For example, loads that can be interrupted to fulfill planning or operation reserve requirements should be reported as Interruptible Load.

Investor-Owned Utility:

A class of utility whose stock is publicly traded and which is organized as a tax-paying business, usually financed by the sale of securities in the capital market. It is regulated and authorized to achieve an allowed rate of return.