EBF 301 EBF301 Quiz 5 Answers (Penn State University)

EBF 301 EBF301 Quiz 5 (Penn State University)

1. the federal agency responsible for pipeline regulations is:

A) Federal Power Commission
B) Interstate Transportation Commission
C) Federal Energy Regulatory Commission
D) Federal Pipeline Management Agency

2.The rates that pipelines charge for their services must be:

A) “fair and equitable”
B) “just and reasonable”
C) “standard and fixed”
D) “in the public interest”

3.The utility status of natural gas pipelines gives them what power when it comes to land acquisition for “right-of-way”?

A) “forced pooling"
B) “subrogated rights”
C) “eminent domain”
D) “habeas corpus”

4.What term describes the fact that pipelines have to offer services to “third parties”?

A) “free access”
B) “right to passage”
C) “free onboard”
D) “open access”

5.Pipelines are required to post what information on their websites (check all that apply)?

A) Levels of service
B) Approved rates
C) Available capacity
D) System maps

6.Among the services provided by pipelines are (check all that apply):

A) Park & Loan
B) Firm Transportation
C) Storage
D) Distribution

7.The term given to the services once provided by the pipelines is:

A) “aggregated”
B) “bundled”
C) “all-inclusive”
D) “wellhead-to-burnertip”

8.When did the “spot” market finally occur for natural gas?

A) April 1990
B) December 2000
C) January 1985
D) August 1980

9.Pipelines get to recover gas from Shippers that is used for normal operations. This is known as:

A) Lost & Unaccounted for gas
B) Fuel & “Shrink”
C) Inerts
D) a. & b.

10.Fees paid to reserve pipeline space on a “firm” basis are known as:

A) Commodity

B) Reservation
C) Park & Loan
D) Tolls