Allowance for funds used during construction definition

Allowance for funds used during construction or “AFUDC” means the cost of borrowed funds used for capital expenditures associated with a utility-sponsored demand response or energy efficiency program, and a reasonable rate on other funds when so used.
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Allowance for funds used during construction or “AFUDC” has the meaning assigned to such term by the FERC Uniform System of Accounts.
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Allowance for funds used during construction or “AFUDC” means the allowance referenced in Paragraph 4(b)(ii) hereof.
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Examples of Allowance for funds used during construction in a sentence

  • Allowance for funds used during construction (AFUDC) represents the cost of borrowed and equity funds used to finance construction and is included in the cost of plant on the balance sheets.

  • Allowance for funds used during construction (AFUDC) represents the cost of borrowed and equity funds used to finance the construction of transmission assets.

  • Allowance for funds used during construction (“AFUDC”) represents the cost of financing regulated construction projects and is capitalized to the cost of property, plant and equipment until the asset is operational.

  • Allowance for funds used during construction (AFUDC) will be applied while the asset remains in CWIP.

  • Allowance for funds used during construction (AFUDC) represents the estimated costs of capital funds necessary to finance the construction of new regulated assets.

  • Allowance for funds used during construction ("AFUDC") represents the cost of borrowed and equity funds used to finance construction and is included in the cost of plant on the balance sheets.

  • Allowance for funds used during construction (“AFUDC”) represents the composite cost of the debt used to fund the construction of transmission assets and a return on members’ capital devoted to construction.

  • Allowance for funds used during construction (AFUDC) represents the cost of borrowed funds used to finance construction and is included in the cost of NSTAR Gas’ plant.

  • Allowance for funds used during construction (“AFUDC”) represents the composite cost of the debt used to fund the construction of transmission assets and a return on members’ equity devoted to construction.

  • Allowance for funds used during construction (AFUDC) represents the cost of borrowed and equity funds used to finance construction and is included in the cost of plant on the consolidated balance sheets.


More Definitions of Allowance for funds used during construction

Allowance for funds used during construction or “AFUDC” means the cost of borrowed funds used for capital expenditures associated with a utility-sponsored DSMdemand response or energy efficiency program, and a reasonable rate on other funds when so used. AFUDC for capital expenditures shall be recorded in separate subaccounts or their subdivisions in accordance with the FERC or NARUC uniform system of accounts.
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Allowance for funds used during construction or ‘AFUDC’ means the allowance for funds used during construction of a plant calculated according to regulatory accounting principles. ‘AFUDC’ shall not include any costs from a plant which fails to commence commercial operation, is abandoned, or is not in compliance with previously approved construction schedules or previously approved cost estimates. AFUDC also shall not include any costs from a plant where the utility fails to prove the prudency of a challenged action or decision or the commission finds the utility withheld material information related to the plant’s construction schedules or costs.
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Allowance for funds used during construction or ‘AFUDC’ means the allowance for funds used during construction of a plant calculated according to regulatory accounting principles.
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Allowance for funds used during construction or “AFUDC” means the allowance referenced in Paragraph 3(b)(iii) hereof.
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Related to Allowance for funds used during construction

  • Underlying Reference Value means, in respect of an Underlying Reference and a SPS Valuation Date, (i) the Underlying Reference Closing Price Value for such Underlying Reference in respect of such SPS Valuation Date (ii) divided by the relevant Underlying Reference Strike Price.

  • Term SOFR Reference Rate means the forward-looking term rate based on SOFR.

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.