deferred costs

The company also said it took a writedown of $4.2 million, mainly due to deferred costs.

But they also deferred costs through borrowing and put mounting financial burdens on riders.

Mr. Koeppe estimated that his company's losses, known as deferred costs, would be in the neighborhood of $100 million.

Lilco wants the money applied to pay part of the deferred costs for Shoreham that it can recover under an agreement in 1989 to close the plant.

Paying the deferred costs for warheads made years ago has never been as attractive, for the executive branch or for Congress, as ordering new weapons systems.

Jeff Dennard, a spokesman for GPU, said the company had sustained about $319 million in deferred costs by the end of May.

America Online changed its accounting procedures in September in the face of widespread complaints by analysts and it took a charge of $385 million, essentially acknowledging all of the deferred costs at once.

The extraordinary items reflected after-tax loss from the writeoff of deferred costs associated with entering into a credit agreement in 1988 and the costs associated with cancelling the related interest rate protection agreement.

Unfortunately, those deferred costs started showing up in recent years just as fierce new competitors emerged - be they Japanese auto transplants, Korean steel manufacturers or nonunion, scrap-burning mini-mills in the American South and West.

Each utility company will pass along its deferred costs to its own customers rather than pooling them, according to the Board of Public Utilities, but questions like the time period for repayment of the losses have yet to be worked out.

It helps the Democrats make the argument that the Governor has her eyes on Washington, not Trenton, and that by the time the deferred costs of her aggressive tax and spending cuts return as higher taxes, she will have left town.

Latest fourth quarter results include a $223,000 writeoff of deferred development costs associated with the termination of a purchase agreement with Hospital Corp. of America for purchase of a hospital in Hunington, W. Va., and a $74,000 writeoff of certain deferred costs relating to terminated financing activities.