CWIP: “FERC candy” and pernicious accounting practices
By Kennedy Maize Construction Work in Progress (CWIP, pronounced “quip”) is a nasty spawn of utility accounting, encouraging sloppiness, sloth, and avarice in building practices. That’s the take in a new study by the conservative Manhattan Institute, “The Hidden Tax on Your Power Bill.” “Construction Work in Progress, or CWIP, is the most influential energy … More CWIP: “FERC candy” and pernicious accounting practices