Prudent definition

Prudent means economically and otherwise reasonable in light of the social benefits to be derived from the proposed regulated activity provided cost may be considered in deciding what is prudent and further provided a mere showing of expense will not necessarily mean an alternative is imprudent.

Prudent means in relation to Capital Expenditure, capital and renewals projects identified, and expenditure incurred, that is:

Prudent. , ‘prudence’, or ‘prudency’ means a high standard of caution, care, and diligence in regard to any action or decision taken by the utility or one acting on its behalf including, but not limited to, its officers, board, agents, employees, contractors, subcontractors, consultants affecting the project or any other person acting on behalf of or for the utility affecting the project.

Examples of Prudent in a sentence

• The Parties shall ensure the Metering System is designed, located, constructed, installed, owned, operated and maintained in accordance with the Interconnection Agreement and Prudent Operating Practices in order to measure and record the amount of Energy delivered from the Project to the Delivery Point.

• Municipality will maintain and operate the Units in accordance with the terms of this Agreement, Prudent Utility Practice, and the Operating Procedures.

• Buyer shall promptly respond with its approval or with reasonable modifications to the proposed Planned Outage schedule and Seller shall use its best efforts in accordance with Prudent Operating Practices to accommodate Xxxxx’s requested modifications and deliver the final Planned Outage schedule to Buyer.

• Municipality will test and calibrate the meters by comparison with accurate standards in accordance with Prudent Utility Practice at intervals of not greater than three (3) years after initial testing and calibration.

• Seller shall operate and maintain the Generating Facility, the Facility Meter and that portion of the Interconnection Facilities and related equipment and systems owned by Seller in accordance with Prudent Electric Industry Practice in a manner that is reasonably likely to: (i) maximize the Facility Output, and (ii) result in an expected useful life for such facilities of not less than thirty (30) years.

More Definitions of Prudent

Prudent means reasonable, after taking into consideration cost, in light of the social and environmental benefits.

Prudent means that the requirement can be met using reasonably available means or technology, that complying with the requirement is not likely to create significant impairment of the productivity of the land and water, and that the cost of achieving the requirement is not out of proportion to the benefits that can reasonably be expected to be achieved in the particular situation. (§14 ch 34 SLA 1990; am § 1-2 ch 3 SLA 1999; am §2 ch 123 SLA 2003; §2 ch 65 SLA 2006); am EO 114 § 27 (2008))

Prudent means careful, wise, cautious, or acting on forethought to avoid danger or harm.

Prudent means that at the time of certification, initiation of construction and each subsequent evaluation of any construction project until the time of completion, based on the evidence introduced in any hearings and all information which was known or should have been known at the time, and relevant planning and certification criteria, it was prudent and reasonable to conclude that the generating or production facility would be used and useful in providing service to customers at the time of completion.

Prudent means in relation to Capital Expenditure, capital and renewals projects identified, and expenditure incurred, having regard to the meaning of Capital Expenditure.

Prudent or ‘prudence’ means and requires a high standard of care in making decisions and taking actions in order to protect the public interest.

Prudent means cautious, careful and sensible. To the extent that an average, ordinary person would be cautious under a certain set of circumstances, a person acting in his role as director of a nonprofit organization is expected to confirm to that standard of care.