Prudence Check definition

Prudence Check means scrutiny of reasonableness of capital expenditure incurred or proposed to be incurred; financing plan, use of efficient technology, cost and time over-run and such other factors as may be considered appropriate by the Commission for determination of tariff. While carrying out the Prudence Check, the Commission shall look into whether the generating company or transmission licensee has been careful in its judgments and decisions for executing the project or has been careful and vigilant in executing the project;

Prudence Check means scrutiny of the reasonableness of expenditure incurred or proposed to be incurred, financing plan, use of efficient technology, cost and time over-run and such other factors as may be considered appropriate by the Commission for determination of tariff;

Prudence Check means the scrutiny of reasonableness of expenditure incurred or proposed to be incurred, financing plan, use of efficient technology, cost and time over-run and such other factors as may be considered appropriate by the Commission for determination of Aggregate Revenue Requirement and Tariff or Charges;

Examples of Prudence Check in a sentence

• KERC has come up with Guidelines for Carrying out Prudence Check of Capital Expendture undertaken by the utilities.

• Additionally we have also referred to observations made in the Capex Prudence Check Report on ESCOMs.The report is prepared based on the information provided by KERC, documents from utilities and inputs obtained from the staff of KPTCL.We have broadly classified our report into five sections: 1.

• Additional Capitalisation7.19.1. The capital expenditure actually incurred or projected to be incurred, on the following counts within the Original Scope Of Work, after the COD and up to the Cut-Off Date, may be admitted by the Commission subject to Prudence Check.

• On request of GoUP / UPPCL, the Commission had earlier appointed a Prudence Check Committee to determine the project cost up to 30th Sep 2013.

• We have carried out the study by reviewing system and processes followed for incurring capital expenditure at Karnataka Power Transmission Corporation Limited (KPTCL) and Chamundeshwari Electricity Supply Company (CESC).The report is prepared based on the information provided by KERC, documents from utilities andinputs obtained from the staff of KPTCL.Additionally we have also referred to observations made in the Capex Prudence Check Report of utilities.

More Definitions of Prudence Check

Prudence Check means scrutiny of reasonableness of any cost or expenditure incurred or proposed to be incurred in accordance with these Regulations by the Distribution Licensee;

Prudence Check means scrutiny of reasonableness of any cost or expenditure incurred or proposed to be incurred in accordance with these Regulations by the Generating Company;

Prudence Check means scrutiny of the reasonableness of any cost or expenditure incurred or proposed to be incurred in accordance with these regulations by the generating company or the transmission licensee, as the case may be;

Prudence Check means the scrutiny by the Commission on the reasonableness of expenditure incurred or proposed to be incurred, in terms of financing plan, use of efficient technology, cost control, cost and time over-run and such other factors as may be considered appropriate by the Commission for determination of tariff, with a view to ensuring that the generating business/company or transmission business/licensee or distribution business/licensee or State Load Despatch Centre has been careful and vigilant in its decisions in incurring the expenditure;

Prudence Check means scrutiny of reasonableness of capital expenditure incurred or

Prudence Check means scrutiny of reasonableness of capital expenditure incurred or proposed to be incurred by the generating company or transmission licensee, as the case may be;

Prudence Check means the scrutiny of reasonableness of expenditure incurred or proposed to be incurred, financing plan, use of efficient