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.
Sample 1Sample 2Sample 3
Allowance for funds used during construction or “AFUDC” has the meaning assigned to such term by the FERC Uniform System of Accounts.
Sample 1Sample 2Sample 3
Allowance for funds used during construction or “AFUDC” means the allowance referenced in Paragraph 4(b)(ii) hereof.
Sample 1Sample 2Sample 3

Examples of Allowance for funds used during construction in a sentence

  • Allowance for funds used during construction on that part of the cost of the plant which is incomplete may be continued as a charge to construction until such time as it is placed in operation or is ready for service, except as limited in item 17, above.

  • Nothing contained in this clause shall imply a license to the Government under any patent or be construed as affecting the scope of any license or other right otherwise granted to the Government.

  • 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 construction and is included in the cost of plant on the balance sheets.

  • Allowance for funds used during construction shall be calculated for any such facility utilizing the utility's actual capital structure and overall cost of capital, including an enhanced rate of return on common equity as determined pursuant to this subdivision, until such construction work in progress is included in rates.

  • Fix the minimum of ∆, but then choose−large enough so that the cut off is farther out in the tail of the Gaussian in momentum space.

  • Allowance for funds used during construction is capitalized and included in plant, property and equipment.

  • Allowance for funds used during construction on that part of the cost of the plant which is incomplete may continue to be charged to construction until such time as it is placed in operation or is ready for service, except as limited in Item in paragraph (c)(17) of this section.(18) Earnings and expenses during construction.

  • Allowance for funds used during construction (‘‘AFUDC’’) provides for the cost of financing the construction of telecommunications plant.

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


More Definitions of Allowance for funds used during construction

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.
Sample 1Sample 2Sample 3
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.
Sample 1Sample 2Sample 3
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.
Sample 1Sample 2

Related to Allowance for funds used during construction

  • Value vested during the year means the aggregate dollar value that would have been realized if the options under the option-based award had been exercised on the vesting date. This amount is calculated by determining the difference between the market price of the underlying securities at exercise and the exercise or base price of the options under the option-based award on the vesting date.

  • Adjusted One Month LIBOR Rate means, an interest rate per annum equal to the sum of (i) 1.00% per annum plus (ii) the Adjusted LIBO Rate for a one month Interest Period on such day (or if such day is not a Business Day, the immediately preceding Business Day); provided that, for the avoidance of doubt, the Adjusted LIBO Rate for any day shall be based on the Screen Rate at approximately 11:00 a.m. London time on such day.

  • 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.

  • Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;

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

  • Original Benchmark Rate on any day means (subject to § 3(4)) the [1 / 3 / 6 / 12]-month Euro Interbank Offered Rate (expressed as a percentage rate per annum) fixed at, and appearing on the Screen Page as of, 11:00 a.m. (Brussels time) on such day.

  • Alternative Reference Rate means the rate that the Independent Adviser or the Issuer (as applicable) determines has replaced the relevant Reference Rate in customary market usage in the international debt capital markets for the purposes of determining rates of interest in respect of bonds denominated in the Specified Currency and of a comparable duration to the relevant Interest Period, or, if the Independent Adviser or the Issuer (as applicable) determines that there is no such rate, such other rate as the Independent Adviser or the Issuer (as applicable) determines in its discretion (acting in good faith) is most comparable to the relevant Reference Rate;

  • Applicable L/C Margin means the per annum fee, from time to time in effect, payable with respect to outstanding Letter of Credit Obligations as determined by reference to Section 1.5(a).

  • Specified Duration means, with respect to any Floating Rate to be determined in accordance with a Screen Rate Determination on an Interest Determination Date, the duration specified in the relevant Final Terms or, if none is specified, a period of time equal to the relative Interest Accrual Period, ignoring any adjustment pursuant to Condition 5(c)(ii).

  • Compounded Daily Reference Rate means, with respect to an Interest Period, the rate of return of a daily compound interest investment in the Specified Currency (with the applicable Reference Rate (as indicated in the relevant Final Terms and further provided for below) as the reference rate for the calculation of interest) and will be calculated by the Calculation Agent on the Interest Determination Date, as follows, and the resulting percentage will be rounded, if necessary, to the fifth decimal place, with 0.000005 being rounded upwards:

  • Applicable Margin means: