Common use of Cost Allocation Principles Clause in Contracts

Cost Allocation Principles. The ISO shall implement the specific cost allocation methodology in Section 31.5.5.4 of this Attachment Y in accordance with the Order No. 1000 Regional Cost Allocation Principles as set forth in Section 31.5.2.1. The specific cost allocation methodology in Section 31.5.5.4 incorporates the following elements: 31.5.5.2.1 The focus of the cost allocation methodology shall be on regulated Designated Public Policy Projects. 31.5.5.2.2 Projects analyzed hereunder as Designated Public Policy Projects may proceed on a market basis with willing buyers and sellers at any time. 31.5.5.2.3 Cost allocation shall be based on a beneficiaries pay approach. 31.5.5.2.4 Project benefits will be identified in accordance with Section 31.5.5.4. 31.5.5.2.5 Identification of beneficiaries for cost allocation and cost allocation among those beneficiaries shall be according to the methodology specified in Section 31.5.5.4.