Definition of Construction costs (of the electric power industry)

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TeachMeFinance.com - explain Construction costs (of the electric power industry)



Construction costs (of the electric power industry)

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.



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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".


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