(1) for Funds used or ‘Allowance During Construction’ means the allowance for funds used during construction ‘AFUDC’ of a plant calculated according to regulatory accounting principles. (2) load or means a new coal or nuclear ‘Base plant’ ‘plant’ fueled electrical generating unit or units or facility that is designed to be operated at a capacity factor exceeding seventy percent annually, has a gross initial generation capacity of three hundred fifty megawatts or more, and is intended in whole or in part to serve retail customers of a utility in South Carolina, and for a coal plant, includes Best Available Control Technology, as defined by the United States Environmental Protection Agency, for the control of air emissions. (3) load review or means an ‘Base application’ ‘application’ application for a base load review order under the terms of this article. (4) load review means an order issued by the ‘Base order’ commission pursuant to Section 5833270 establishing that if a plant is constructed in accordance with an approved construction schedule, approved capital costs estimates, and approved projections of inservice expenses, as defined herein, the plant is considered to be used and useful for utility purposes such that its capital costs are prudent utility costs and are properly included in rates. (5) or capital means costs associated ‘Capital costs’ ‘plant costs’ with the design, siting, selection, acquisition, licensing, construction, testing, and placing into service of a base load plant, and capital costs incurred to expand or upgrade the transmission grid in order to connect the plant to the transmission grid and includes costs that may be properly considered capital costs associated with a plant under generally accepted principles of regulatory or financial accounting, and specifically includes AFUDC associated with a plant and capital costs associated with facilities or investments for the transportation, delivery, storage, and handling of fuel. (6) means a base load review ‘Combined application’ application which is combined with an application for a certificate under the Utility Facility Siting and Environmental Protection Act, or which involves a plant located outside of the State of South Carolina, and at the option may be combined with an utility’s application for new electric rates under Section 5827860. (7) means a proceeding to consider all ‘Combined proceeding’ aspects of a combined application.
(1) ‘Allowance for Funds used During Construction’ or ‘AFUDC’ means the allowance for funds used during construction of a plant calculated according to regulatory accounting principles. (2) ‘Base load plant’ or ‘plant’ means a new coal or nuclear fueled electrical generating unit or units or facility that is designed to be operated at a capacity factor exceeding seventy percent annually, has a gross initial generation capacity of three hundred fifty megawatts or more, and is intended in whole or in part to serve retail customers of a utility in South Carolina, and for a coal plant, includes Best Available Control Technology, as defined by the United States Environmental Protection Agency, for the control of air emissions. (3) ‘Base load review application’ or ‘application’ means an application for a base load review order under the terms of this article. (4) ‘Base load review order’ means an order issued by the commission pursuant to Section 5833270 establishing that if a plant is constructed in accordance with an approved construction schedule, approved capital costs estimates, and approved projections of inservice expenses, as defined herein, the plant is considered to be used and useful for utility purposes such that its capital costs are prudent utility costs and are properly included in rates. (5) ‘Capital costs’ or ‘plant capital costs’ means costs associated with the design, siting, selection, acquisition, licensing, construction, testing, and placing into service of a base load plant, and capital costs incurred to expand or upgrade the transmission grid in order to connect the plant to the transmission grid and includes costs that may be properly considered capital costs associated with a plant under generally accepted principles of regulatory or financial accounting, and specifically includes AFUDC associated with a plant and capital costs associated with facilities or investments for the transportation, delivery, storage, and handling of fuel. (6) ‘Combined application’ means a base load review application which is combined with an application for a certificate under the Utility Facility Siting and Environmental Protection Act, or which involves a plant located outside of the State of South Carolina, and at the utility’s option may be combined with an application for new electric rates under Section 5827860. (7) ‘Combined proceeding’ means a proceeding to consider all aspects of a combined application.
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