A power distribution unit (PDU) disposable in an electrical equipment rack. The PDU has a housing, a power input penetrating the housing, outlets in the housing, a processor disposed in the housing, voltage and current sensors, and a voltage calculation procedure communicable with the processor. The processor samples voltage and current waveforms and calculates RMS values and other power parameters. A method of managing electrical loads each drawing electrical power from a PDU includes repeatedly sampling voltage across and current flowing through each of the loads, calculating raw RMS values of voltage and current, and scaling the raw RMS values to obtain corrected RMS voltage and current values and other power parameters.