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GAS TRANSMISSION Asset Management Plan 2020

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GAS TRANSMISSION Asset Management Plan 2020 GAS TRANSMISSION Asset Management Plan 2020 Appendices 2 GAS TRANSMISSION BUSINESS ASSET MANAGEMENT PLAN 2020 – APPENDIX2 A APPENDIX A: GLOSSARY TERM DEFINITION TERM DEFINITION AC power Alternating Current – is an electric current which CMMS Computerised Maintenance Management System supply periodically reverses direction, in contrast to – Software that helps the organisation plan, track, direct current which flows only in one direction. measure, and optimize everything to do with maintenance on a digital platform. AMMAT Asset Management Maturity Assessment Tool – Tool that has been developed to assess the COO Chief Operating Officer – Senior executive tasked maturity of asset management. This tool consists with over-seeing the day-to-day administrative of a self-assessment questionnaire containing and operational functions of the business. questions and accompanying guidance notes. CS Compressor Station – Station that contains gas ALARP As Low as Reasonably Practicable – The term is compression plant. often used for determining a value for acceptable risk. Risk should be reduced to an acceptable CP Cathodic Protection – Technique used to control level that is as low as possible without requiring corrosion of buried steel pipes, casing and vents. excessive levels of investment. CPI Consumers Price Index – A measure of changes AMP Asset Management Plan – Document specifying to the prices for consumer items purchased by activities and resources, responsibilities New Zealand households giving a measure of and timescales for implementing the asset inflation. management strategy and delivering the asset management objectives. CRM Customer Relationship Management – Approach to manage the company’s interaction with ARR Asset Replacement and Renewal – It means current and potential customers. in relation to capital expenditure, expenditure on assets and in relation to operational DCVG Direct Current Voltage Gradient – A survey expenditure, expenditure on progressive physical technique used for assessing the effectiveness of deterioration, obsolescence of network assets corrosion protection on buried steel structures. and preventative replacement programmes. DC Direct Current – is an electric current that is uni- Asset Grades Grade 1 – means end of service life, immediate directional, so the flow of charge is always in the intervention required. same direction. The direction and amperage of direct currents do not change. Grade 2 – means material deterioration but asset condition still within serviceable life parameters. DFA Delegated financial authority – To facilitate the day-to-day operations of the business, the Board Grade 3 – means normal deterioration requiring has delegated authority to the Chief Executive regular monitoring. Officer, the Chief Financial Officer and other Grade 4 – means good or as new condition. persons. Grade unknown – means condition unknown DP Delivery Point – It means a point where gas is or not yet assessed. intended to exit the network owned by a person BoP Balance of Plant – It refers to all the supporting either; to enter a distribution network or for use, components and auxiliary systems of a power conveyance, storage or any other purpose. plant needed to deliver the energy, other than DPP Default Price-Quality Path –The Gas Transmission the generating unit itself. Services Default Price-Quality Path Determination Capex Capital Expenditure - The expenditure used to 2017 (consolidating all amendments as of create new or upgrade existing physical assets 18 December 2018) sets the maximum total in the network, as well as Non network assets, allowable revenue that the business can earn e.g. IT or facilities each year and standards for the quality of services that the business must meet. CCC Climate Change Commission – a Crown entity established under the Climate Change EAM Enterprise Asset Management – The process Response (Zero Carbon) Amendment Act to of managing the lifecycle of physical assets to provide independent, evidence-based advice maximize their use; save money; improve quality to Government to help New Zealand transition and efficiency; and safeguard health, safety and to a low-emissions and climate resilient economy. the environment. GAS TRANSMISSION BUSINESS ASSET MANAGEMENT PLAN 2020 – APPENDIX A 3 TERM DEFINITION TERM DEFINITION EHMP Electrical Hazard Management Plan – It defines GNS Institute of Geological and Nuclear Sciences the process whereby Firstgas can identify and – New Zealand’s leading provider of earth, manage the risk of electrical hazards on its geoscience and isotope research and electrically-continuous metal pipelines. consultancy services. EPR Earth Potential Rise – Phenomenon that occurs GTAC Gas Transmission Access Code – The single when large amounts of electricity enter the earth. commercial code for the transmission system that will replace the Maui Pipeline Operating Code FDC Finance During Construction – The FDC allowance and the Vector Transmission Code. and indexed revaluation are calculated for a full year on the opening balance of the system fixed GTB Gas Transmission Business – Supplies gas assets regulatory value. pipeline services as defined under theCommerce Act 1986. Firstgas conveys gas to large users FEED Front End Engineering Design – Basic engineering of natural gas such as big industrial plants, which comes after conceptual design or feasibility electricity generators and the gas distribution study. businesses. FIK Flange Insulation Kit – It protects a flanged HDD Horizontal Directional Drilling – Method of joint from the corrosion from static currents installing underground pipelines, cables and (by preventing a metal-to-metal contact among service conduit through trenchless methods. flanges, stud bolts, and baskets). HSE Health and Safety in Employment – Legislation FY2020 Financial year 2020. Firstgas’ financial year which promulgates number of duties on is from 1 October to 30 September. FY2020 refers employers and persons who own or lease to the period of 1 October 2019 to equipment to ensure that people at work and 30 September 2020 people in the vicinity of the place of work are not harmed by the operation of equipment. GC Gas Chromatographs – Instruments that measure the energy quantity of standard volumes of gas. HSEQ Health, Safety, Environment and Quality – Performance will be achieved by an integrated GDB Gas Distribution Business – Gas distributors management system and by conditions of transport gas from the transmission network sustainability and corporate social responsibility. to smaller users, including domestic consumers. ICA Interconnection Agreement – An agreement GIC Gas Industry Company – Is the co-regulator of the between Firstgas and an interconnected party gas industry, working with both the Government that address the technical, operational and and the gas industry to develop outcomes that commercial aspects of the interconnection. meet the Government’s policy objectives as stated in the Government Policy Statement on Gas ICP Installation Control Point – The connection point governance issued in October 2004. from a customer to the Firstgas network. GIS Geographic Information System – ICT Information and Communications Technology Software designed to present, manipulate – It refers to all the technology used to handle and analyse spatial data. A GIS allows the telecommunications, broadcast media, intelligent visualisation, questioning, analysis, interpretation, building management systems, audio visual and understanding of spatial data to reveal processing and transmission systems and relationships, patterns, and trends. Key network-based control and monitoring functions. components of a GIS are relational databases, enabling the maintenance and interrogation ILI In Line Inspection – ILI Tools, sometimes referred of infrastructure asset data. to as “intelligent” or “smart” pigs, are used to inspect pipelines for evidence of internal or GM General Manager – Executive who has overall external corrosion, deformations, laminations, responsibility for managing both revenue and cracks, or other defects. cost elements. A manager in charge of running the main day-to-day business activities of the IMs Input Methodologies – Documents set by the department. Commerce Commission that promote certainty for suppliers and consumers in relation to the GMS Gas Measurement System – Commonly referred rules, requirements, and processes applying to to as a gas meter. A gas meter measures the the regulation under Part 4 of the Commerce Act volume of gas passing through it at actual 1986. conditions, i.e., at the prevailing temperature and pressure of gas at the gas meter. IPS Invensys Process Systems – It is a major global supplier of systems, software, services and instruments for industrial process automation and asset performance management. 4 GAS TRANSMISSION BUSINESS ASSET MANAGEMENT PLAN 2020 – APPENDIX A TERM DEFINITION TERM DEFINITION IS Information Systems – Integrated set of OEM Original Equipment Manufacturer – A company components for collecting, storing, and processing whose goods are used as components in the data and for providing information, knowledge, products of another company, which then sells and digital products. the finished item to users. IT Information Technology – It is the use of any Opex Operational Expenditure – Ongoing costs directly computers, storage, networking and other physical associated with running the gas transmission devices, infrastructure and processes to create, system. This includes costs both directly
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