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American Gas Association
The American Gas Association (AGA) is an American trade organization founded in 1918 representing and advocating on behalf of local energy companies that deliver natural gas throughout the United States. History The American Gas Association formed in June 1918 after the merger of the American Gas Institute and the National Commercial Gas Association, organizations that served the interests of companies that dealt in manufactured, as opposed to natural gas. Manufactured gas was the dominant fuel in the early United States, but during the 19th century, natural gas supplanted it. In January 1919, the AGA launched a publication for the natural gas industry providing information on trends, activities, and strategies on how to improve gas companies. In 1925, the association formed laboratories in Cleveland, and five years later expanded to Los Angeles. These labs developed technology to improve gas appliances and equipment, making them more energy-efficient and consumer-friendly. Th ...
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Trade Organization
A trade association, also known as an industry trade group, business association, sector association or industry body, is an organization founded and funded by businesses that operate in a specific industry. An industry trade association participates in public relations activities such as advertising, education, publishing, lobbying, and political donations, but its focus is collaboration between companies. Associations may offer other services, such as producing conferences, holding networking or charitable events, or offering classes or educational materials. Many associations are non-profit organizations governed by bylaws and directed by officers who are also members. In countries with a social market economy, the role of trade associations is often taken by employers' organizations, which also take a role in social dialogue. Political influence One of the primary purposes of trade groups, particularly in the United States, is to attempt to influence public policy in a ...
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Market Manipulation
In economics and finance, market manipulation is a type of market abuse where there is a deliberate attempt to interfere with the free and fair operation of the market; the most blatant of cases involve creating false or misleading appearances with respect to the price of, or market for, a product, security or commodity. Market manipulation is prohibited in most countries, in particular, it is prohibited in the United States under Section 9(a)(2) of the Securities Exchange Act of 1934, in the European Union under Article 12 of the ''Market Abuse Regulation'', in Australia under Section 1041A of the Corporations Act 2001, and in Israel under Section 54(a) of the securities act of 1968. In the US, market manipulation is also prohibited for wholesale electricity markets under Section 222 of the Federal Power Act and wholesale natural gas markets under Section 4A of the Natural Gas Act. The US Securities Exchange Act defines market manipulation as "transactions which create an ...
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Natural Gas In The United States
Natural gas was the United States' largest source of energy production in 2016, representing 33 percent of all energy produced in the country. Natural gas has been the largest source of electrical generation in the United States since July 2015. In 2012, the United States produced 25.3 trillion cubic feet of marketed natural gas, with an average wellhead value of $2.66 per thousand cubic feet, for a total wellhead value of $67.3 billion. In 2013, the country produced 30.0 trillion cubic feet (TCF) of marketed gas. With 7,545 billion cubic feet (BCF), the leading gas-producing area in the United States in 2013 was Texas, followed by Pennsylvania (3,259 BCF), and Louisiana (2,407 BCF). US natural gas production achieved new record highs for each year from 2011 through 2015. Marketed natural gas production in 2015 was 28.8 trillion cubic feet, a 5.4 percent increase over 2014, and a 52 percent increase over the production of 18.9 trillion cubic feet in 2005. The natural gas industr ...
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Organizations Established In 1918
An organization or organisation (Commonwealth English; see spelling differences), is an entity—such as a company, an institution, or an association—comprising one or more people and having a particular purpose. The word is derived from the Greek word ''organon'', which means tool or instrument, musical instrument, and organ. Types There are a variety of legal types of organizations, including corporations, governments, non-governmental organizations, political organizations, international organizations, armed forces, charities, not-for-profit corporations, partnerships, cooperatives, and educational institutions, etc. A hybrid organization is a body that operates in both the public sector and the private sector simultaneously, fulfilling public duties and developing commercial market activities. A voluntary association is an organization consisting of volunteers. Such organizations may be able to operate without legal formalities, depending on jurisdiction, incl ...
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Hydraulic Fracturing
Fracking (also known as hydraulic fracturing, hydrofracturing, or hydrofracking) is a well stimulation technique involving the fracturing of bedrock formations by a pressurized liquid. The process involves the high-pressure injection of "fracking fluid" (primarily water, containing sand or other proppants suspended with the aid of thickening agents) into a wellbore to create cracks in the deep-rock formations through which natural gas, petroleum, and brine will flow more freely. When the hydraulic pressure is removed from the well, small grains of hydraulic fracturing proppants (either sand or aluminium oxide) hold the fractures open. Hydraulic fracturing began as an experiment in 1947, and the first commercially successful application followed in 1950. As of 2012, 2.5 million "frac jobs" had been performed worldwide on oil and gas wells, over one million of those within the U.S. Such treatment is generally necessary to achieve adequate flow rates in shale gas, tight ga ...
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Methane Emissions
Increasing methane emissions are a major contributor to the rising concentration of greenhouse gases in Earth's atmosphere, and are responsible for up to one-third of near-term global heating. During 2019, about 60% (360 million tons) of methane released globally was from human activities, while natural sources contributed about 40% (230 million tons). Reducing methane emissions by capturing and utilizing the gas can produce simultaneous environmental and economic benefits. Since the Industrial Revolution, methane concentrations in the atmosphere have more than doubled, and about 20 percent of the warming the planet has experienced can be attributed to the gas. About one-third (33%) of anthropogenic emissions are from gas release during the extraction and delivery of fossil fuels; mostly due to gas venting and gas leaks from both active fossil fuel infrastructure and orphan wells. Russia is the world's top methane emitter from oil and gas. Animal agriculture is a similarly lar ...
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Edison Electric Institute
The Edison Electric Institute (EEI) is an association that represents all U.S. investor-owned electric companies. Its members provide electricity for 220 million Americans, operate in 50 states and the District of Columbia, and directly employ more than one million workers.http://www.eei.org/about/members/uselectriccompanies/Documents/memberlist_print.pdf EEI has 70 international electric companies as Affiliate Members, and 250 industry suppliers and related organizations as Associate Members. Membership Members of the Edison Electric Institute are investor-owned utility companies, meaning that they are privately held companies that supply power and electricity to businesses and consumers. Some of the larger members include: * Alliant Energy * American Electric Power * Berkshire Hathaway Energy * CenterPoint Energy * CMS Energy (Consumers Energy) * Consolidated Edison * Duke Energy * Entergy Corporation * FirstEnergy * PG&E Corporation * Southern Company * Xcel Energy ...
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Colorado School Of Mines
The Colorado School of Mines, informally called Mines, is a public research university in Golden, Colorado, founded in 1874. The school offers both undergraduate and graduate degrees in engineering, science, and mathematics, with a focus on energy and the environment. While Mines does offer minor degrees in the humanities, arts, and social sciences, it only offers major degrees in STEM fields, with the exception of economics. In the Fall 2019 semester, the school had 6,607 students enrolled, with 5,155 in an undergraduate program and 1,452 in a graduate program. The school has been co-educational since its founding, however, enrollment remains predominantly male (69.2% as of Fall 2020). In every QS World University Ranking from 2016 to 2020, the university was ranked as the top institution in the world for mineral and mining engineering. It is classified among "R1: Doctoral Universities – Very high research activity". __toc__ History Early history Golden, Colorado, e ...
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Double Taxation
Double taxation is the levying of tax by two or more jurisdictions on the same income (in the case of income taxes), asset (in the case of capital taxes), or financial transaction (in the case of sales taxes). Double liability may be mitigated in a number of ways, for example, a jurisdiction may: * exempt foreign-source income from tax, * exempt foreign-source income from tax if tax had been paid on it in another jurisdiction, or above some benchmark to exclude tax haven jurisdictions, or * fully tax the foreign-source income but give a credit for taxes paid on the income in the foreign jurisdiction. Jurisdictions may enter into tax treaties with other countries, which set out rules to avoid double taxation. These treaties often include arrangements for exchange of information to prevent tax evasion such as when a person claims tax exemption in one country on the basis of non-residence in that country, but then does not declare it as foreign income in the other country; or who cl ...
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Dividend
A dividend is a distribution of profits by a corporation to its shareholders. When a corporation earns a profit or surplus, it is able to pay a portion of the profit as a dividend to shareholders. Any amount not distributed is taken to be re-invested in the business (called retained earnings). The current year profit as well as the retained earnings of previous years are available for distribution; a corporation is usually prohibited from paying a dividend out of its capital. Distribution to shareholders may be in cash (usually a deposit into a bank account) or, if the corporation has a dividend reinvestment plan, the amount can be paid by the issue of further shares or by share repurchase. In some cases, the distribution may be of assets. The dividend received by a shareholder is income of the shareholder and may be subject to income tax (see dividend tax). The tax treatment of this income varies considerably between jurisdictions. The corporation does not receive a tax dedu ...
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Investor-owned Utility
Investor-owned utilities (IOUs) are private enterprises acting as public utilities A public utility company (usually just utility) is an organization that maintains the infrastructure for a public service (often also providing a service using that infrastructure). Public utilities are subject to forms of public control and .... Examples may range from a family that owns a well on their property to international energy conglomerates. References Public utilities {{business-stub ...
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Energy Policy Act Of 2005
The Energy Policy Act of 2005 () is a federal law signed by President George W. Bush on August 8, 2005, at Sandia National Laboratories in Albuquerque, New Mexico. The act, described by proponents as an attempt to combat growing energy problems, changed US energy policy by providing tax incentives and loan guarantees for energy production of various types. The most consequential aspect of the law was to greatly increase ethanol production to be blended with gasoline. The law also repealed the Public Utility Holding Company Act of 1935, effective February 2006. Provisions General provisions * the Act increases the amount of biofuel (usually ethanol) that must be mixed with gasoline sold in the United States to by 2006, by 2009 and by 2012; two years later, the Energy Independence and Security Act of 2007 extended the target to by 2022. * Under an amendment in the American Recovery and Reinvestment Act of 2009, Section 406, the Energy Policy Act of 2005 authorizes ...
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