Project AFUDC definition

Project AFUDC means, with respect to each corresponding regulated project designated by the Borrower and as of the relevant date of determination, (a) prior to the "into-service date", an amount equal to the product of (i) the cumulative, aggregate regulated capital expended as of the relevant date of determination with respect to such project multiplied by (ii) the applicable annual AFUDC Rate, or (b) following its "into-service date", (X) for the first quarter following the "into-service date", (i) the product of the cumulative, aggregate regulated capital expended prior to the "into-service date" with respect to such project multiplied by (ii) 75% of the applicable annual AFUDC Rate or, (Y) for the second quarter following the "into-service date", (i) the product of the cumulative, aggregate regulated capital expended prior to the "into-service date" with respect to such project multiplied by (ii) 50% of the applicable annual AFUDC Rate or, (Z) for the third quarter following the "into-service date", (i) the product of the cumulative, aggregate regulated capital expended prior to the "into-service date" with respect to such project multiplied by (ii) 25% of the applicable annual AFUDC Rate.
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Project AFUDC means, with respect to each corresponding regulated project designated by the MLP and as of the relevant date of determination, (a) prior to the "into-service date", an amount equal to the product of (i) the cumulative, aggregate regulated capital expended as of the relevant date of determination with respect to such project MULTIPLIED BY (ii) the applicable annual AFUDC Rate, or (b) following its "into-service date", (X) for the first quarter following the "into-service date", (i) the product of the cumulative, aggregate regulated capital expended prior to the "into-service date" with respect to such project MULTIPLIED BY (ii) 75% of the applicable annual AFUDC Rate or, (Y) for the second quarter following the "into-service date", (i) the product of the cumulative, aggregate regulated capital expended prior to the "into- service date" with respect to such project MULTIPLIED BY (ii) 50% of the applicable annual AFUDC Rate or, (Z) for the third quarter following the "into-service date", (i) the product of the cumulative, aggregate regulated capital expended prior to the "into-service date" with respect to such project MULTIPLIED BY (ii) 25% of the applicable annual AFUDC Rate.
Sample 1

Examples of Project AFUDC in a sentence

  • It further asserts that the long-term water supply surcharge formula in the Statement No. 1 allows the Company to compute the Haverstraw Project AFUDC amount by multiplying the CWIP balance times the Pre-Tax Rate of Return which was authorized by the Commission in setting the rates in that order.

  • Because the incentive allows ITC Great Plains to include CWIP in rate base for the KETA Project and the Kansas V-Plan Project, AFUDC is not included in the ratemaking process for these projects and ITC Great Plains does not accrue AFUDC on these projects.

Related to Project AFUDC

  • Project Work means the work required to complete the Project.

  • Project Improvements means site improvements and facilities that are:

  • Project Water means water made available for delivery to the contractors by project conservation facilities and the transportation facilities included in the System.

  • Project area budget means a multiyear projection of annual or cumulative

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • Project area plan means a written plan that, after the plan's effective date, guides and controls the development within a project area.

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • Redevelopment Project Area means an area designated by the municipality, which is not less in the aggregate than 1 1/2 acres and in respect to which the municipality has made a finding that there exist conditions which cause the area to be classified as an industrial park conservation area or a blighted area or a conservation area, or a combination of both blighted areas and conservation areas.

  • Project Completion means completion of the Redevelopment in accordance with this Agreement to the state where the whole of the Morley Shopping Centre, as so redeveloped, is capable of occupation for its intended purpose;

  • Development Project means a project for the development of land within a

  • Project Area means THE AREA WHERE WORK IS BEING PERFORMED FOR THE CITY OF SUFFOLK, VIRGINIA.

  • Project Architect means the professional architect or engineer employed by the Owner as architect or engineer of record for the Project and its consultants.

  • Project Plans mean the plans for the Project that are attached to this Agreement as Exhibit “B.”

  • Project Plan means the document to be developed by the Contractor and approved by Webel Technology Ltd., based on the requirements of the Contract and the Preliminary Project Plan included in the Contractor’s bid. For the sake of clarity, the Agreed and Finalized Project Plan” refers to the version of the Project Plan submitted by the contractor after receiving the letter of Award and the same approved by Webel Technology Ltd. The project plan may be changed/ modified during the course of the project. Should the Project Plan conflict with the provisions of the Contract in any way, the relevant provisions of the Contract, including any amendments, shall prevail.

  • Project Scope means the description or activity of work to be accomplished on the project.

  • The Project Plan means the document to be developed by the Supplier and approved by the Purchaser, pursuant to GCC Clause 19, based on the requirements of the Contract and the Preliminary Project Plan included in the Supplier’s bid. The “Agreed and Finalized Project Plan” is the version of the Project Plan approved by the Purchaser, in accordance with GCC Clause 19.2. Should the Project Plan conflict with the Contract in any way, the relevant provisions of the Contract, including any amendments, shall prevail.

  • Project Engineer means the surveyor or engineer employed by or private

  • Project Land means any parcel or parcels of land on which the project is developed and constructed by a promoter;

  • Redevelopment project means a specific construction project

  • Construction Plant means appliances, machinery with necessary supply to up keep and maintenance of the works or temporary works but dose not include materials or other things intended to form part of the permanent work.

  • Project Assets means all physical and other assets relating to and forming part of the Site including:

  • Pilot project means an innovative environmental project that covers one or more designated facilities, designed and implemented in the form of an EMSA. (See Section 52.3 of the Act.)

  • Projects means the projects identified in Exhibit A to the Agreement and all other projects, any costs of which are included in a Transitional Capital Plan pursuant to the Act or are Recovery Costs, and financed, by payment or reimbursement, with the proceeds of Bonds or Notes.

  • Research Project means a discrete scientific endeavor to answer a research question or a set of research questions related to medical marijuana and is required for a medical marijuana research license.

  • Project IPR means all Intellectual Property Rights that arise or are obtained or developed by either party, or by a contractor on behalf of either party, in respect of the Deliverables in the course of or in connection with the Project;

  • The Works/Project means the works to be executed or done under this contract.