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 TSO will therefore act as a Reasonable and Prudent Operator in order to facilitate the day to day operations of the delivery and the redelivery of Natural Gas, in accordance with attachment C1 of the Access Code for Transmission.

• The TSO, acting as a Reasonable and Prudent Operator, shall have the right to make interventions on all or part of the Transmission System for maintenance, repair or replacement works, which may have an impact on the availability of the Firm or Backhaul capacities.

• The Borrower shall conduct its procurement of equipment, materials and services with respect to its System in accordance with Prudent Utility Practice and, in connection with any construction to be financed in whole or in part by the RUS, shall comply with 7 CFR § 1726.23 (Qualification of Bidders).

• Terminal Operator and Shipper shall and shall cause their respective employees, agents, contractors and sub-contractors to act in accordance with the standards of a Reasonable and Prudent Operator.

• Seller shall use Prudent Operating Practices to maximize the output of the Facility.

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

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

Prudent. , in its ordinary sense, means “discrete or cautious in managing one’s activities; practical and careful in providing for the future & exercising good judgement”. 5