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 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.

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  • 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.
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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.
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Related to Allowance for funds used during construction

  • Available Reserve Account Amount means, for any Transfer Date, the lesser of (a) the amount on deposit in the Reserve Account (after taking into account any interest and earnings retained in the Reserve Account pursuant to Section 4.10(b) on such date, but before giving effect to any deposit made or to be made pursuant to subsection 4.4(a)(ix) to the Reserve Account on such date) and (b) the Required Reserve Account Amount.

  • 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. For the avoidance of doubt, when determining (i) above the SPS Valuation Date shall never refer to the Strike Date.

  • 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.

  • 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;

  • 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 applicable Final Terms and further provided for below) as the reference rate for the calculation of interest) and will be calculated by the Principal Paying Agent on the relevant Interest Determination Date, as follows, and the resulting percentage will be rounded, if necessary, to the Relevant Decimal Place:

  • 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.