Something like this, but modify parameters to suit (or use the enumitem interface)

\documentclass{article}
\setlength\textwidth{10cm}
\newenvironment{plist}{%
\list{}{\labelwidth0pt
\def\makelabel##1{\makebox[2cm][r]{##1 -- }}%
\itemsep 0pt
\advance\leftmargin2cm
\itemindent-2cm
}}
{\endlist}
\begin{document}
\noindent X\dotfill X
\begin{plist}
\item[where\hfill $a$]
long text long text long text long text long text long text long text long text,
long text long text long text long text long text long text long text long text,
\item[$b$]long text long text long text long text long text long text long text long text,
\item[$c$]text,
\item[$d$]text, and
\item[$e$]text.
\end{plist}
\end{document}
or

\documentclass{article}
\setlength\textwidth{10cm}
\newenvironment{plist}{%
\list{}{\labelwidth0pt
\def\makelabel##1{\makebox[1.5cm][r]{##1}}%
\parsep 0pt
\itemsep 0pt
\advance\leftmargin1.5cm
\itemindent-1.5cm
}}
{\endlist}
\begin{document}
\noindent X\dotfill X
\begin{plist}
\item[where\hfill $a$]--
long text long text long text long text long text long text long text long text,
long text long text long text long text long text long text long text long text,
\item[$b$]-- long text long text long text long text long text long text long text long text,
\item[$c$]-- text,
\item[$d$]-- text, and
\item[$e$]-- text.
\item[$C_{ox}$]${}=23$nF -- gate capacitance,
\item[$\mu$]-- mobility in the semiconductor [cm$^2$/Vs], and
\item[$V_{g,th}$]-- threshold voltage.
\end{plist}
\end{document}
or (one last time:-) another variant (in this one I made the indent an optional parameter to the environment, defaulting to 1.5cmand as requested set where flush left.):

\documentclass{article}
\setlength\textwidth{10cm}
\newenvironment{plist}[1][1.5cm]{%
\list{}{
\def\makelabel##1{##1\hfill}%
\parsep 0pt
\itemsep 0pt
\labelsep0pt
\labelwidth#1\relax
\leftmargin\labelwidth
\itemindent0pt
}}
{\endlist}
\begin{document}
\noindent X\dotfill X
\begin{plist}
\item[where] $a$ --
long text long text long text long text long text long text long text long text,
long text long text long text long text long text long text long text long text,
\item $b$ -- long text long text long text long text long text long text long text long text,
\item $c$ -- text,
\item $d$ -- text, and
\item $e$ -- text.
\item $C_{ox}=23$nF -- gate capacitance,
\item $\mu$ -- mobility in the semiconductor [cm$^2$/Vs], and
\item $V_{g,th}$ -- threshold voltage.
\end{plist}
\end{document}
\begin{description}[noitemsep,nolistsep] \item a -- basfas \item b -- asfasf \end{descriptions}but then for long lines the second line is indented and how to put the "where" on the first line? – Tanja Sep 27 '13 at 10:47enumitempackage, (I don't have time for a full answer today as I'm in a meeting, but someone could provide one:-) – David Carlisle Sep 27 '13 at 12:06\allowdisplaybreaksfor ams alignments) however a list is more flexible and I claim conceptually the right thing – David Carlisle Sep 30 '13 at 07:22