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fault: An event occurring on an electric system such as a short circuit, a broken wire, or an intermittent connection.
favored nation clause: A form of indefinite price escalator clause, which ties the price to be paid for natural gas to the highest price, or average of the three highest prices, paid for gas in a producing field or larger geographic area.
Federal Energy Regulatory Commission (FERC): Federal agency which regulates the rates and service of interstate suppliers of electricity as well as natural gas and oil transmission pipelines.
Federal Water Pollution Control Act (FWPCA): The law covering federal water pollution control activities. Since the 1977 amendments, it has become known as the Clean Water Act (CWA).
feedstock: The raw material supplied to a processing plant for the chemical transformation to an intermediate or end product. Two examples of feedstocks: natural gas used for the production of fertilizers and plastics; and Naptha used for the production of synthetic natural gas (SNG).
FERC rate design: Applies to pipelines that generally serve under a demand-commodity type rate structure. All variable costs, basically the purchased gas and compressor (pumping) fuel, are included in the commodity portion of the rate. Fixed costs, such as wages, taxes, and depreciation, are split between demand and commodity.

See also Federal Energy Regulatory Commission (FERC).
Field Crew Operations and Support Audit Program: A continuing program to comprehensively evaluate the efficiency and effectiveness of the utilities' usage, oversight, and control over their labor forces and the...

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