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Economy Energy - Electricity purchased by one utility from another to take the place of electricity that would have cost more to produce on the utility's own system.
EEI - The Edison Electric Institute is an association of electric companies born in 1933 to exchange information concerning industry developments and to function as an advocate in behalf of the utilities on subjects of national interest.
Efficacy Lighting - Ratio of light from a lamp to the electricity consumed, including ballast loss in terms of lumens per watt.
Efficiency - The ratio of useful energy delivered compared to the energy supplied to it over a specified time frame or cycle.
Electric Generator - A system that converts heat, chemical, or mechanical energy into electricity.
Electric Utility - Any individual or state agency (i.e., municipality) with a monopoly franchise that sells electricity to end-use customers. This term includes the Tennessee Valley Authority (TVA), but does not include other Federal power marketing agencies from the EPAct.
Electricity - Form of energy with magnetic, radiant and chemical effects. Electric current is created by a flow of charged particles (electrons).
Emission Standard - The maximum amount of a pollutant legally discharged from a source.
Energy Efficiency - Reduce the amount of energy/electricity used to perform the same function more efficiently. Refer to Energy Conservation.
Energy Management System - (EMS) A control system designed to regulate a building's energy consumption including HVAC and lighting,
EPA - The Environmental Protection Agency is a federal agency born in 1970 -charged with protecting the environment.
EPAct - The Energy Policy Act of 1992 addresses a wide variety of issues. This legislation created a new class of energy wholesale generators (EWG) that are exempt form the Public Utilities Holding Company Act of 1935 and provides the authority to FERC to order and commission access by eligible parties to the interconnected transmission grid.
Equity in Earnings of Unconsolidated Affiliates - A company's proportional share (based on ownership) of the net earnings or losses of an unconsolidated affiliate.
ESCO - An energy service company is one that offers comprehensive, customized energy saving solutions to its customers. NORESCO.
Exploration - The identification of areas that may warrant examination and to examine specific areas that are considered to have prospects of containing oil and gas reserves, including drilling exploratory wells and exploratory-type stratigraphic test wells. Exploration costs may be incurred both before acquiring the related property (sometimes referred to in part as prospecting costs) and after acquiring the property.
Exploration Costs - Costs, including depreciation and applicable operating costs, of support equipment and facilities and other costs directly identifiable with exploration activities, such as: … Costs of topographical, geological, and geophysical studies, rights of access to properties to conduct those studies, and salaries and other expenses of geologists, geophysical crews, and others conducting those studies. Collectively, these costs are sometimes referred to as geological and geophysical, or 'G&G' costs. … Costs of carrying and retaining undeveloped properties, such as delay rentals, ad valorem taxes on the properties, legal costs for title defense, and the maintenance of land and lease records. … Dry hole contributions and bottom hole contributions. Costs of drilling and equipping exploratory wells. … Costs of drilling exploratory-type stratigraphic test wells.
Extraordinary Item - Income and expense items associated with events and transactions that possess a high degree of abnormality and are of a type that would not reasonably be expected to recur in the foreseeable future.
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