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TeachMeFinance.com - explain Construction costs (of the electric power industry) Construction costs (of the electric power industry) The term 'Construction costs (of the electric power industry)' as it applies to the area of energy can be defined as ' All direct and indirect costs incurred in acquiring and constructing electric utility plant and equipment and proportionate shares of common utility plants. Included are the cost of land and improvements, nuclear fuel and spare parts, allowance for funds used during construction, and general overheads capitalized, less the cost of acquiring plant and equipment previously operated in utility service'. Previous 5 Terms: Constant radius arch dam constellation Constitutive ablation construct Construction Next 5 Terms: Construction expenditures (of the electric power industry) Construction joint Construction pipeline (of a nuclear reactor) Construction recapture Construction work in progress (CWIP) About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.