Entergy Terms

Direct costs

expense that can be specifically traced back like materials

Indirect cost

General buisness epxneses like HR

Loaders

% rate added to the direct costs to cover the indirect costs

Accrual

When a cost is recorded before a payment is made, reflecting expenses that are recognized in the period they occur.

AFUDC

Allowance for funds used during construction

Money added to the cost of building something because the company borrowed money during construction

BAC

Budget at completion

The orignal estimate of cost for entire project

BOP

Balance of plant

All supporting components for a plant except the main power generating unit

BU

Business unit

Entergy subsidiary

Combined cycle

A specific type of power plant that uses the steam generated to produce more power from the same fuel

CCCT

Combined Cycle Combustion Turbine

CCGT

Combined cycle gas turbine

CIAC

Contribution in aid of construction

Money borrowed from the customer to start on a task that will get reimbursed

CO

Change order

A formal document that requests a change or correction. Must be approved by the client and contractor

Contractor

A business hired to perform specific work under a formal agreement

COD

Commercial operation date

the date a facility achieves commerical operation

CP

Capital project

A project in which the cost is capitalized

Capitalized

Recording the cost of an item as an asset and depreciating it. This helps spread the cost over its useful life.

CTC

Cost to complete

EAC

Estimate at completion

ERCOT

Electric Reliability Council of Texas

The organization that manages the flow of electric power and ensures relaibility

ESC

Executive Steering Committee

Responsible for monitoring progress of key deliverables and making course corrections

ETC

Estimate to complete

Estimated resources REMAINING it will take to complete something

FBP

NERC

North American electrical reliability corporation

NTP

Notice to proceed

Formal notice to request the start of work

O&M

Operation and Maintenance

P2R

Plan to results

Comprehensive process of developing detailed project plans

PDDR

Project delivery dashboard reporting tool

set of metrics regarding the status of each project

PDS

Project Delivery System

Governs all stages of project delivery

PEP

Project Execution plan

Governing document of the project

PO

Purchase Order

Formal document that authorized purchase of materials, equipment or services

QA

Quality assurance

RFI

Request for information

formal inquiry sent to contractors or supplies seeking calcification

ROW

Pre defined area for tranmission

SPI

Schedule performance index

Matric for how project is doing schedule wise

TF

Total Float

How many work periods can be delayed before the project finish date is affected