A wireless terminal determines the transmission power used for its dedicated control channel at a point in time, and generates a power report indicating a ratio of a maximum wireless terminal transmit power to the transmit power of the dedicated control channel at the point in time. The power report provides a measure of available transmit power for wireless terminal use for other purposes, e.g., uplink traffic channels, after taking into consideration the transmit power used for the dedicated control channel. The point in time has a known time offset from the start of a communications segment in which the power report is transmitted. This allows the base station receiving dedicated control channel uplink signals from the wireless terminal to measure the received signals, receive and process the communicated power report, and correlate information to be used for accurate wireless terminal closed loop power control.