Common use of Net Investment Clause in Contracts

Net Investment. “Net Investment” is the quantity that is determined as follows: Net Investment = Gross Plant Investment - Depreciation Reserve + CWIP + PHFU - ADIT + Working Capital where the quantities appearing in the foregoing equation are defined hereinafter below. In determining Net Investment hereunder, each component thereof, other than Cash Allowance, shall be determined as the end-of-year balances in the Accounts specified for the relevant Cost Year.

Net Investment. “Net Investment” " is the quantity that is determined as follows: Net Investment = Gross Plant Investment - Depreciation Reserve + CWIP + PHFU - ADIT + Working Capital where the quantities appearing in the foregoing equation are defined hereinafter below. In determining Net Investment hereunder, each component thereof, other than Cash Allowance, shall be determined as the end-of-year balances in the Accounts specified for the relevant Cost Year.