In an attempt to explain numerous atmospheric electrical phenomena, the elements of the global electrical circuit are reexamined. In addition to being a ''quasi-static ''DC'' generator'' and source of radiated energy at VLF and higher, the thunderstorm is found to be a pulse generator, with most of the external energy contained in ELF and ULF pulse currents to the ionosphere (and Earth). The pulse energy is found to deposit largely in the middle atmosphere above the thunderstorm. The VLF and above components are well understood, as are the ULF components due to the conductivity gradient. However, a previously poorly understood ELF component on the millisecond timescale, or ''slow tail,'' contains a large fraction of the electrical energy. This component couples strongly to the ionosphere and also launches a unipolar transverse electromagnetic (TEM) wavelet in the radial Earth-ionosphere transmission line. The increase in charge with distance associated with such wavelets, and their ensemble sum at a point, may explain some large mesospheric ''DC'' fields but there are still difficulties explaining other than rare occurrences, except for antipodal reconvergence. These millisecond duration unipolar wavelets also couple to the ionosphere and may trigger other lightning at a distance. A schema is elucidated by which the charge of MeV particles deposited in the middle atmosphere persists for much longer than the local relaxation time. This also gives rise to unipolar waves of global extent which may explain lower-latitude field perturbations associated with solar/geomagnetic events. ¿ American Geophysical Union 1994