Commonly Used Terms

  • Tariffs - a document outlining rates, terms and conditions for providing service
  • Economies of scale - More customers paying for the necessary repairs results in a lower cost per customer
  • Rate base - The company's total investment in equipment used to provide service
  • Rate of return - The appropriate profit level a company should be allowed for its investments
  • Master meters - Small natural gas distribution systems operated by schools, hospitals or by residential complexes such as apartment buildings and mobile home parks.