Common use of Labor Cost Clause in Contracts

Labor Cost. A. Each employee of any Regulated Party who in any month was a Providing Party shall, for that month, identify the actual time spent providing Services and report the total time spent providing Services in the Corporate Labor System that is maintained by WBS or that is otherwise maintained in accordance with established accounting procedures of the Regulated Party. B. Based on actual compensation and the total hours actually worked, a direct labor dollar hourly rate shall be computed for each such employee identified pursuant to sub-paragraph (i)(A). C. An overhead shall be established and shall be applied to direct labor dollars (product of sub-paragraphs (i)(A) and (i)(B)) to include: 1. Costs associated with pensions, other post-employment benefits, social security taxes, unemployment compensation, health, dental and life insurance, training, vacation, sick, holiday and other employee benefits; 2. Average cost of administrative and general costs including, but not limited to, telephone, office supplies, property insurance and miscellaneous expenses, and excluding regulatory commission expense and other nonrelated expenses; 3. Costs of office space, furniture and equipment, using a return on net assets at a rate equal to the prevailing pre-tax weighted cost of capital (economic cost of capital) authorized by the Commission(s) having jurisdiction over the retail rates of the Regulated Party that provided a service for which a cost is being determined hereunder.

Labor Cost. A. Each employee of any Regulated Party who in any month was a Providing Party shall, for that month, identify the actual time spent providing Services and report the total time spent providing Services in the Corporate Labor System that is maintained by WBS Integrys Support or that is otherwise maintained in accordance with established accounting procedures of the Regulated Party. B. Based on actual compensation and the total hours actually worked, a direct labor dollar hourly rate shall be computed for each such employee identified pursuant to sub-paragraph (i)(A). C. An overhead shall be established and shall be applied to direct labor dollars (product of sub-paragraphs (i)(A) and (i)(B)) to include: 1. Costs associated with pensions, other post-employment benefits, social security taxes, unemployment compensation, health, dental and life insurance, training, vacation, sick, holiday and other employee benefits; 2. Average cost of administrative and general costs including, but not limited to, telephone, office supplies, property insurance and miscellaneous expenses, and excluding regulatory commission expense and other nonrelated expenses; 3. Costs of office space, furniture and equipment, using a return on net assets at a rate equal to the prevailing pre-tax weighted cost of capital (economic cost of capital) authorized by the Commission(s) having jurisdiction over the retail rates of the Regulated Party that provided a service for which a cost is being determined hereunder.

Labor Cost. A. Each employee of any Regulated Party who in any month was a Providing Party shall, for that month, identify the actual time spent providing Services and report the total time spent providing Services in the Corporate Labor System that is maintained by WBS Integrys SupportWBS or that is otherwise maintained in accordance with established accounting procedures of the Regulated Party. B. Based on actual compensation and the total hours actually worked, a direct labor dollar hourly rate shall be computed for each such employee identified pursuant to sub-paragraph (i)(A). C. An overhead shall be established and shall be applied to direct labor dollars (product of sub-paragraphs (i)(A) and (i)(B)) to include: 1. Costs associated with pensions, other post-employment benefits, social security taxes, unemployment compensation, health, dental and life insurance, training, vacation, sick, holiday and other employee benefits; 2. Average cost of administrative and general costs including, but not limited to, telephone, office supplies, property insurance and miscellaneous expenses, and excluding regulatory commission expense and other nonrelated expenses; 3. Costs of office space, furniture and equipment, using a return on net assets at a rate equal to the prevailing pre-tax weighted cost of capital (economic cost of capital) authorized by the Commission(s) having jurisdiction over the retail rates of the Regulated Party that provided a service for which a cost is being determined hereunder.