The deal may signal the start of a smart-grid buying spree for cash-equipped conglomerates like Toshiba eager to tap the vast capital outlays expected from electric utilities over the next decade.

这笔交易可能预示着东芝等现金充足的企业集团将开始抢购智能电网，以便在未来十年电力行业庞大的资本投入中分得一杯羹。

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The stock trades at 21 times its adjusted funds from operations (net plus depreciation minus maintenance-level capital outlays).

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Up to a point, lavish capital outlays like these can make up for a shortage of old-fashioned oil wells.

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Under Pat roughly 20% of the state budget was devoted to capital outlays.

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