encyclopedia

BALANCED TRANSIT SYSTEM

A system in which the facilities and services of different transportation modes are treated as parts of a single system and each mode is planned in a manner that most effectively uses its special elements in combination with other elements…

BALANCED TRANSPORTATION SYSTEM

A system in which the facilities and services of different transportation modes are treated as parts of a single system and each mode is planned in a manner that most effectively uses its special elements in combination with other elements…

BALANCING

Making receipts and deliveries of gas into or withdrawals from a company equal. Balancing may be accomplished daily, monthly or seasonally, with penalties generally assessed for excessive imbalance. Hedging term.

BALANCING AGREEMENT

A contractual agreement between two or more legal entities to account for differences between chart measured quantities and the total confirmed nominated quantities at a point. They have been used to keep track of over/under production relative to entitlements between…

BALANCING PENALTY

A daily or monthly penalty assessed on the difference between volumes tendered and volumes received by the shipper. The purpose of balancing penalties is to prevent a shipper from tying up storage and line pack with excess deliveries of transportation…

BALANCING PROVISIONS

A requirement that gas entering a pipeline for transportation (receipts) must equal the amount leaving the pipeline (deliveries). This requirement is enforced by levying penalties on any difference between receipts and deliveries on an hourly, daily and monthly basis. Hedging…

BALLAST

Selected material placed on the rail roadbed for the purpose of holding the track structure in line.