Common Acronyms in Natural Gas Industry

LDC = Local Distribution Company
A company that provides natural gas distribution services to the customers in a particular service territory.

FPC = Federal Power Commission
Federal agency required by Natural Gas Act 1938 among others to regulate natural gas industry. 

NGPA = Natural gas policy act
Established in 1978 among others intended to remove or reduce price control on the wellhead gas.

Btu = British thermal unit
Standard measurement of heat energy

PGA = Purchased gas adjustment 
Gas costs adjustment passed through to customers subject to Commission review and approval.

FERC = Federal Energy Regulation Commission
Federal entity established to regulates interstate public utilities such as power transmission and interstate natural gas pipeline.

GCPP = Gas Cost Performance Program
A petition proposed by Nicor to use alternative regulation in gas supply

PBR = Performance based regulation
An alternative regulation to traditional regulation that compares company’s performance to determined benchmark.

CGI = Consumer Governmental Intervenors
An collectively organization referring to Citizens Utility Board and and the People of Cook County that represents the interests of utility consumers. 

PUA = Public Utility Act
Illinois state regulation regarding public utility services

NRRI = National Regulatory Research Institute
Serves as a research instrument to its dues payers founded  by National Association of Regulatory Utility Commissioners

EIA = Energy Information Administration
US governmental body which provides official energy statistics.