

No, LCOE is an aggregated sum of all the cash flows, with the proper discount rates applied based on when that cash flow happens, complete with the cost of borrowing (that is, interest) and the changes in prices (that is, inflation). The rates charged to the ratepayers (approved by state PUCs) are going to go up over time, with inflation, but the effect of that on the overall economics will also be blunted by the time value of money and the interest paid on the up-front costs in the meantime.
When you have to pay up front for the construction of a power plant, you have to pay interest on those borrowed funds for the entire life cycle, so that steadily increasing prices over time is part of the overall cost modeling.
It has long been used as a transitive verb. The Oxford English Dictionary has collected examples going as far back as 1897 using it generically to make something disappear, but this particular meaning, of government officials forcibly abducting a person and not explaining where the person went, really started to pick up by the 1960’s. The novel Catch-22, published in 1961, had a character use it in the transitive way, with the protagonist complaining that it wasn’t even proper grammar. And that novel was popular enough that it started to appear a lot shortly afterwards, in magazines and newspapers and books.