68 billion and incremental AFUDC
costs; failure by Congress to extend the production tax credits for new nuclear; and pressure on credit metrics over a prolonged period of elevated capex.
Due to large long-term construction programs in electric utility companies in recent years, AFUDC
has had a material impact on both the income statement and the balance sheet.
primarily due to higher balances of construction work in progress subject to AFUDC
6 million has been incurred, including AFUDC
of approximately $13.
We define distributable cash flow before certain items to be limited partners' pretax income before certain items and DD&A, less sustaining capital expenditures for EPB, plus DD&A less sustaining capital expenditures for Bear Creek and WYCO our equity method investees, plus other income and expenses, net (which primarily includes deferred revenue, AFUDC
equity and other non-cash items).
Interest expense (net of AFUDC
-- debt) is projected to increase approximately $0 to $10 million.
The decrease was primarily attributable to a decrease in the AFUDC
, partially offset by an increase in rate base.
-- equity is projected to increase approximately $10 million to $20 million over 2011 levels.
7 million during the 2012 period as income related to the equity component of AFUDC
was lower with the Iatan 2 and Plum Point plants in service as discussed above.
in 2012 due to lower balances of construction work in progress subject to AFUDC
, which was largely related to placing Newman Unit 5 Phase II in service effective April 30, 2011.
PSCo will instead recover the carrying costs of CACJA related expenditures through the recording of AFUDC
Decreased allowance for funds used during construction ("AFUDC
") primarily due to lower balances of construction work in progress subject to AFUDC