Compensation for Years Subsequent to 2012 Sample Clauses

Compensation for Years Subsequent to 2012. (i) In its annua l Business Plans and Budgets submitted to NERC and the Commission for the year 2013 and subsequent year s within the term of this Agreement , NPCC shall identify a po rtion of its CMEP budget, including an appropriate allocation of NPCC’s General and Administrative Costs (the “WECC Registered Functions CMEP Budget”), that is attributable to the performance of the CMEP with res pect to the WECC Registered Functions. NPCC’s allocation of resources to the performance of its obligations under this Agreement and the corresponding budgeted amount shall be subject to approval by NERC and by the Commission as part of their overall approval of NPCC’s business plan and budget. The amount of NPCC’s proposed WECC Registered Functions CMEP Budget shall a lso be included in WECC’s business plan and bud get that is sub mitted to NERC and to the Commi ssion for approval. Th e amount of the WECC Registered Functions CMEP Budget for each year, as a pproved by the Commission, (i) shall be excluded from the calculation of NPCC’s assessments to Load Serving Entities (“LSEs”) in the NPCC Regio n for each such year, and (ii) sha ll be included in the calculation of WECC’s asse ssments to L SEs in the WECC Region for each such year. NPCC shall invoice WECC for the amount of the WECC Registered Functions CMEP Budge t in four equal quarterly amounts during each year, with the invoices to be issued by NPCC to WECC on or about Ja nuary 1, April 1, Ju ly 1 and October 1 and to be paid by WECC by check or electronic funds transfer to NPCC within twenty (20) business days following the date of the invoice.
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Related to Compensation for Years Subsequent to 2012

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