3 AAC 46.070 - Certification of an electric reliability organization with an independent board or a combination independent and balanced stakeholder board
(a) The
commission may issue a certificate to an applicant formed with an independent
board consistent with
AS
42.05.762(4)(B)(i) only
after the commission finds that the board is, and has rules to ensure that it
is likely to remain, independent. A board is Independent if no board member
(1) is an employee of the electric
reliability organization;
(2) is
employed or contracted by a registered entity, within the interconnected
bulk-electric system of the applicable electric reliability organization, that
generates, transmits, distributes, or stores electricity for direct
compensation, or by a person who is expected to become such a registered entity
within the reasonably foreseeable future;
(3) has an immediate family member who is
employed or contracted by a registered entity, within the interconnected
bulk-electric system of the applicable electric reliability organization, that
generates, transmits, distributes, or stores electricity for direct
compensation, or by a person who is expected to become such a registered entity
within the reasonably foreseeable future; or
(4) is reasonably perceived as having, or has
an immediate family member who is reasonably perceived as having, a direct and
material financial interest in the board's decisions.
(b) The commission may issue a certificate to
an applicant formed with a combination independent and balanced stakeholder
board consistent with
AS
42.05.762(4)(B)(iii) only
after the commission finds that the board is a combination of a balanced
stakeholder board and independent members.
(c) The commission may waive or modify by
order the requirements of this section, in whole or in part, upon application
and a showing of good cause or on the commission's own motion, if the waiver
does not also require a waiver of the requirements set out in
AS
42.05.760 -
42.05.790.
Notes
Authority:AS 42.05.141
AS 42.05.151
AS 42.05.760
AS 42.05.762
AS 42.05.770
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