Acronym Soup
Alaska electric utilities maintain their books and records in accordance with this
What is the Uniform System of Accounts prescribed by 18 CFR Part 101
FERC Account 107 is commonly known by these four letters
What is CWIP?
This financial statement is home to Utility Plant In Service
What is the Balance Sheet?
This unit measures the amount of electric energy used when 1,000 watts are consumed for one hour
What is a kilowatt-hour?
Birds can usually sit safety on a single energized power line because they aren't providing a path to this
What is ground (or another voltage potential)
This four-letter ratio measures the number of times margins cover long-term interest expense
What is TIER?
FERC Account 108 records this reduction to the carrying value of utility plant over time
What is Accumulated Provision for Depreciation of Utility Plant?
This financial statement reports Operating Revenues
What is the Statement of Operations?
This device changes electricity from one voltage level to another and is found through the electric grid
What is a transformer?
Electricity travels through transmission lines at a significant fraction of the speed of this
What is light?
Members may make these contributions toward utility construction
What is contributions in aid of construction?
FERC Account 427 records this cost of borrowing
What is interest on long-term debt?
Patronage Capital is reflected on this financial statement
What is the Balance Sheet?
These three major components are traditionally used to describe the electric power system from power plant to customer
What are generation, transmission and distribution?
This resource generates electricity using the movement of water
What is hydropower?
Utility construction costs accumulate here until the associated assets are placed into service
What is Construction Work In Progress
FERC Account 403 records this periodic cost associated with utility plant
What is depreciation expense?
Gain on Sale of Assets
What is the Statement of Operations?
This event occurs when total electricity demand on a utility's system reaches its highest level during a specified period
What is peak demand?
Why do electric utilities use very high voltage to transmit electricity over long distances?
What is to reduce energy losses?
This acronym represents the financing cost charged to qualifying utility construction projects
What is Allowance For Funds Used During Construction
FERC Account 930.2 rolls up to this Statement of Income line item
What is general and administrative expenses?
Proceeds received from issuing long-term debt appear on this financial statement
What is the statement of Cash Flows?
In the United States, alternating current on the electric grid operates at this frequency
What is 60 hertz?
This grid condition occurs when electricity supply and demand aren't sufficiently balanced
What is frequency deviation/imbalance?