Advanced Energy Solutions MCQ

1. What is an IOU?

Answer

Correct Answer: A company, owned by stockholders for profit, that provides utility services

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2. What does Interruptible Gas mean?

Answer

Correct Answer: Gas sold to customers with a provision that permits curtailment of service.

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3. What is a specific transmission connection between one utility to another called?

Answer

Correct Answer: Interconnection

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4. What is indexing?

Answer

Correct Answer: Tying the commodity price of gas in a contract to published index prices.

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5. What is an imbalance?

Answer

Correct Answer: Discrepancy between the amount of gas that a seller contracted to deliver and the actual volumes used or delivered.

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6. What drives the turbine generators in a hydroelectric plant?

Answer

Correct Answer: Falling water

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7. What is the main purpose of a headstation?

Answer

Correct Answer: Mainline receipt points on the pipeline

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8. What does the term "Green Pricing" refer to?

Answer

Correct Answer: Marketing of electricity produced through renewable technologies

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9. What is Green Energy?

Answer

Correct Answer: Energy produced from renewable energy resources.

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10. What is a gigawatthour?

Answer

Correct Answer: One billion watt-hours.

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11. What is a gigawatt?

Answer

Correct Answer: One billion watts.

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12. What is a Gigajoule?

Answer

Correct Answer: A unit of energy equaling approximately 1 million Btu or 1 MMBtu.

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13. What does a fuel cell use to generate electricity?

Answer

Correct Answer: Natural gas

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14. What does a fossil-fuel plant use as its source of energy?

Answer

Correct Answer: Coal, petroleum, or gas

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15. What is a fossil fuel?

Answer

Correct Answer: Any naturally occurring organic fuel, such as petroleum, coal, and natural gas

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16. What is the highest quality sales of gas transportation or electric transmission service offered to customers under a filed rate schedule?

Answer

Correct Answer: Firm Service

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17. What is firm gas?

Answer

Correct Answer: Gas sold on a continuous and generally long-term contract.

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18. After expiration, all option contract rights or obligations become _____ ?

Answer

Correct Answer: Null and void

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19. What does ESCO stand for?

Answer

Correct Answer: Energy Service Company

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20. What does the EPAct do?

Answer

Correct Answer: The Energy Policy Act of 1992 addresses a wide variety of energy issues.

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21. What does the Energy Policy Act of 1992 create?

Answer

Correct Answer: A new class of power generator

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22. What does the EPA stand for?

Answer

Correct Answer: Environmental Protection Agency

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23. What is the primary source that provides the power that is converted to electricity?

Answer

Correct Answer: Energy Source or Energy Fuel

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24. What is an Energy Service Company?

Answer

Correct Answer: A company that markets and provides energy-related products and services.

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25. What does the energy charge portion of an electric bill depend on?

Answer

Correct Answer: The electric energy (kWh) consumed or billed.

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26. What does "end-user" most commonly refer to?

Answer

Correct Answer: Large commercial, industrial, or utility consumers

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27. What is the embedded cost?

Answer

Correct Answer: The historical cost of all facilities in the electric or gas supply system.

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28. When was the Electric Power Research Institute founded?

Answer

Correct Answer: 1972

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29. What does Edison Electric Institute represent?

Answer

Correct Answer: Electric utilities

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30. What is a distribution line?

Answer

Correct Answer: A line or system for distributing power from a transmission system to a customer.

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31. What is the maximum voltage for a distribution line?

Answer

Correct Answer: 69,000 volts

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32. What is the delivery of electricity to the retail customer's home or business called?

Answer

Correct Answer: Distribution

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33. What is the other name for small-scale power generation?

Answer

Correct Answer: Distributed Generation

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34. What does Disco stand for?

Answer

Correct Answer: Distribution company

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35. What does a Disco electric utility company own?

Answer

Correct Answer: Distribution

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36. What is deregulation?

Answer

Correct Answer: The process of removing restrictive regulations on previously regulated companies and allowing for competition to enter the market.

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37. What is Demand-Side Management?

Answer

Correct Answer: The process of managing the consumption of energy

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38. What is the Demand Charge?

Answer

Correct Answer: The portion of a gas or electric charge that reflects a customer’s contract requirements.

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39. Where does natural gas exit one system and enter another?

Answer

Correct Answer: Delivery Point

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40. What is the delivery month?

Answer

Correct Answer: The specific month in which delivery of the actual commodity takes place.

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41. How many BTUs are in one Dekatherm?

Answer

Correct Answer: 1 million

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42. What is a degree day?

Answer

Correct Answer: A measure of temperature variation from standard, used primarily in connection with heating and cooling loads.

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43. What is Customer Choice a synonym for?

Answer

Correct Answer: Deregulation or restructuring

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44. What does the term "Curtailment" mean?

Answer

Correct Answer: Reduction in scheduled capacity or energy delivery as a result of transmission constraints.

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45. Current Delivery Month is also called what?

Answer

Correct Answer: The spot month

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46. What is the unit used to measure the strength of an electric current?

Answer

Correct Answer: Amperes

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47. What is the standard temperature that a cubic foot of gas is measured at?

Answer

Correct Answer: 60 degrees Fahrenheit

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48. What is a Cooperative Electric Utility?

Answer

Correct Answer: An electric utility that is owned by and operated for the benefit of those using its service.

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49. What is a convergence merger?

Answer

Correct Answer: A merger of companies with different types of products, such as electric and natural gas services.

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50. What is the near-month futures contract?

Answer

Correct Answer: A contract in which the delivery of the underlying asset will take place at the end of the month

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51. What does "Contract Path" refer to?

Answer

Correct Answer: A Point of Receipt to Point of Delivery route for which capacity rights and contract prices have been established.

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52. Contract demand is a minimum or maximum amount?

Answer

Correct Answer: Maximum amount

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53. What is the meaning of "Contango Market"?

Answer

Correct Answer: Prices are progressively higher in succeeding delivery months than in the nearest delivery month.

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54. What is Compressed Natural Gas used for?

Answer

Correct Answer: In vehicles and in other applications not attached to a pipeline

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55. Which of the following is not a function of the Commodity Futures Trading Commission?

Answer

Correct Answer: Oversight of commodity futures trading activities

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56. What is the commodity charge based upon?

Answer

Correct Answer: The volume actually used or transported

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57. What is the CFTC?

Answer

Correct Answer: Commodity Futures Trading Commission

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58. What does the Commitment of Traders Report detail?

Answer

Correct Answer: The volume of long and short positions

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59. What are commercial and trade accounts?

Answer

Correct Answer: Companies like El Paso or Enron.

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60. What is the process of coal gasification?

Answer

Correct Answer: The process of converting coal into gas.

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61. How is methane generated during coal formation?

Answer

Correct Answer: It is contained in the coal microstructure

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62. What is co-firing?

Answer

Correct Answer: The process of burning natural gas in conjunction with another fuel to reduce air pollutants.

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63. What is the purpose of odorizing natural gas?

Answer

Correct Answer: So that leaks can be detected

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64. What is a circuit?

Answer

Correct Answer: A conductor or a system of conductors through which electric current flows.

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65. What is the procedure that allows end users to resolve monthly or daily differences between actual nominations and actual usage called?

Answer

Correct Answer: Cash out

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66. What is the market for a cash commodity where the actual physical product is traded?

Answer

Correct Answer: Cash Market

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67. What is the assignment or release of firm gas transportation rights to another party called?

Answer

Correct Answer: Capacity Release

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68. What is the capacity charge?

Answer

Correct Answer: An element in a two-part pricing method used in capacity transactions

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69. What is the capacity assignment?

Answer

Correct Answer: The assignment of a specific right to firm transportation service on an interstate natural gas pipeline.

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70. What is the unit of measurement for capacity?

Answer

Correct Answer: KWh

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71. How many days are in a calendar month?

Answer

Correct Answer: 31

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72. What does bypassing a utility company allow a retail customer to do?

Answer

Correct Answer: Eliminate utility charges for distribution

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73. What does a buyer's market indicate?

Answer

Correct Answer: There is an abundance of goods available

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74. What does it mean to take a long futures position?

Answer

Correct Answer: To buy a contract to buy an asset at a fixed price at a future date

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75. What is the Burner Tip?

Answer

Correct Answer: The point at which natural gas is used as a fuel.

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76. What is a Bull Market?

Answer

Correct Answer: Market in which prices are rising.

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77. What is the definition of a "Bull"?

Answer

Correct Answer: One who expects a rise in prices

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78. What is the term for all electric generating plants, transmission lines and equipment?

Answer

Correct Answer: Bulk Power System

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79. What is the partial reduction of electrical voltage called when customer demand is higher than anticipated?

Answer

Correct Answer: Brownout

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80. A retail agent who buys and sells natural gas and/or power but takes title to the commodity in the transaction is known as?

Answer

Correct Answer: Broker

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81. What is a boiler used for?

Answer

Correct Answer: Generating steam for power, processing, or heating purposes

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82. What is a blackout?

Answer

Correct Answer: Emergency loss of electricity through the failure of generation, transmission or distribution systems

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83. A bilateral agreement is a contract that is limited to two parties that...?

Answer

Correct Answer: Trade with each other

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84. What is a bilateral agreement?

Answer

Correct Answer: A contract that is limited exclusively to two parties that trade with each other

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85. What is a Bear Market?

Answer

Correct Answer: Market in which prices are declining.

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86. What is the definition of a "bear"?

Answer

Correct Answer: One who expects prices to decline.

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87. What does BCF stand for?

Answer

Correct Answer: 1 billion cubic feet

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88. What is the base load?

Answer

Correct Answer: The minimum amount of electric power delivered or required over a given period of time at a steady rate.

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89. What is the base load plant?

Answer

Correct Answer: A plant which is normally operated to take all or part of the minimum load of a system

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90. What is the base load capacity?

Answer

Correct Answer: Electric generating equipment normally operated to serve loads on an around-the-clock basis.

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91. What is cushion gas?

Answer

Correct Answer: Base gas required in a storage field to maintain sufficient pressure to keep the working gas recoverable.

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92. What is another name for "Base Gas"?

Answer

Correct Answer: Cushion Gas

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93. In a state of backwardation, what happens to futures prices in the future months of delivery?

Answer

Correct Answer: They are gradually lowered

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94. What is the meaning of "back month" in futures trading?

Answer

Correct Answer: All contract months for futures contracts after the contract currently trading

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95. What is the definition of avoided cost?

Answer

Correct Answer: Incurring.

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96. What does ATC stand for?

Answer

Correct Answer: Available Transfer Capability

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97. What is the unit of measure for ATC?

Answer

Correct Answer: Megawatts

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98. What is the definition of an Available But Not Needed Capability?

Answer

Correct Answer: Net capability of generating units that are operable, but not considered necessary to carry load.

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99. The Arctic National Wildlife Refuse is located in:

Answer

Correct Answer: Alaska

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100. What is an aquifer?

Answer

Correct Answer: A water bearing permeable rock formation that is capable of storing natural gas.

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101. What is the unit of measurement of electrical current produced in a circuit by 1 volt acting through a resistance of 1 ohm?

Answer

Correct Answer: Ampere (amp)

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102. What does APPA stand for?

Answer

Correct Answer: American Public Power Association

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103. What is the full form of "ARDDs"?

Answer

Correct Answer: Alternate Receipt and Delivery Points

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104. What is an aggregator?

Answer

Correct Answer: An entity responsible for planning, scheduling, accounting, billing, and settlement for energy deliveries

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105. What is a shipper who purchases released capacity rights from a releasing shipper called?

Answer

Correct Answer: Acquiring Shipper

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