1983•Public Util. Fortn.; (United States)Requires access
AFUDC and its impact on the profitability of electric utilities
P. R. Chandy, Wallace N. Davidson
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Abstract
Many accounting devices, though valid and justified in some of their applications, can mislead the uninitiated observer into believing that a company is in better financial shape than it actually is. Such is the case, as revealed by this article, with many electric-utility companies which have bookkeeping entries known as allowance for funds used duing construction. The article shows that it is not uncommon to find less there than that which meets the eye. 4 references, 3 tables.