AC Fundamentals, Circuit and Circuit Theory
The transient currents are associated with the

Resistance of the circuit
Changes in the stored energy in the inductors and capacitors
Applied voltage to the circuit
Impedance of the circuit

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AC Fundamentals, Circuit and Circuit Theory
Poor power factor

Overloads alternators, transformers and distribution lines
Reduces load handling capability of electrical system
Results in more power losses in the electrical system
All of the listed here

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