Common use of Interregional Project Recommendation Process Clause in Contracts

Interregional Project Recommendation Process. Interregional Project(s) identified in the Coordinated System Plan study will be evaluated by each Party through its respective regional processes and analyses. If both Parties determine a proposed Interregional Project(s) is beneficial to their respective region by satisfying the respective regional criteria and the criteria in Section 9.6.3 then the Interregional Project(s) and associated interregional cost allocation will be voted on by the JPC. If the JPC approves an Interregional Project(s), it will then be included in the respective regional transmission plans of the Parties and will be presented to the respective Parties’ Board of Directors for approval and implementation. In accordance with Section 9.1.1.3, the JPC may vote to grant one or both of the Parties additional time for regional evaluations or approval of a proposed Interregional Project(s). Approval of an Interregional Project(s) by each Party’s Board of Directors is required for the Interregional Project to qualify for interregional cost allocation. If a proposed Interregional Project(s) and associated cost allocation is not approved by the Parties within six (6) months of the JPC vote or any JPC approved extension, the proposed Interregional Project is deemed rejected. A rejected Interregional Project may be reevaluated and recommended by the JPC as part of a future Coordinated System Plan study. The JPC shall inform the IPSAC of the outcome of each Party’s regional evaluation of a proposed Interregional Project(s) and its respective cost allocation. Section 9.3.3.5.1