Duties and Responsibilities of the PJM Board Sample Clauses
The "Duties and Responsibilities of the PJM Board" clause defines the specific obligations and authority vested in the governing board of PJM, the regional transmission organization. This clause typically outlines the board's role in overseeing organizational strategy, ensuring compliance with regulatory requirements, and making key decisions related to market operations and system reliability. For example, the board may be responsible for approving budgets, appointing executive leadership, and setting policies that affect stakeholders. Its core practical function is to establish clear governance and accountability, ensuring that PJM operates efficiently and in accordance with its mission and regulatory mandates.
Duties and Responsibilities of the PJM Board. In accordance with this Agreement, the PJM Board shall supervise and oversee all matters pertaining to the Interconnection and the LLC, and carry out such other duties as are herein specified, including but not limited to the following duties and responsibilities:
i) As its primary responsibility, ensure that the President, the other officers of the LLC, and Office of the Interconnection perform the duties and responsibilities set forth in this Agreement, including but not limited to those set forth in Sections 9.2 through 9.4 and Section 10.4 in a manner consistent with (A) the safe and reliable operation of the Interconnection, (B) the creation and operation of a robust, competitive, and non-discriminatory electric power market in the PJM Control Area, and (C) the principle that a Member or group of Members shall not have undue influence over the operation of the Interconnection;
ii) Select the Officers of the LLC;
iii) Adopt budgets for the LLC;
iv) Approve the Regional Transmission Expansion Plan in accordance with the provisions of the Regional Transmission Expansion Planning Protocol set forth in Schedule 6 of this Agreement.
v) On its own initiative or at the request of a User Group as specified herein, submit to the Members Committee such proposed amendments to this Agreement or any Schedule hereto, or a proposed new Schedule, as it may deem appropriate;
vi) Petition FERC to modify any provision of this Agreement or any Schedule or practice hereunder that the PJM Board believes to be unjust, unreasonable, or unduly discriminatory under Section 206 of the Federal Power Act, subject to the right of any Member or the Members to intervene in any resulting proceedings;
vii) Review for consistency with the creation and operation of a robust, competitive and non-discriminatory electric power market in the PJM Control Area any change to rate design or to non-rate terms and conditions proposed by Transmission Owners for filing under Section 205 of the Federal Power Act.
viii) If and to the extent it shall deem appropriate, intervene in any proceeding at FERC initiated by the Members in accordance with Section 11.5(b), and participate in other state and federal regulatory proceedings relating to the interests of the LLC;
ix) Review, in accordance with Section 15.1.3, determinations of the Office of the Interconnection with respect to events of default;
x) Assess against the other Members in proportion to their Weighted Interest an amount equal to any payment...
Duties and Responsibilities of the PJM Board. In accordance with this Agreement, the PJM Board shall supervise and oversee all matters pertaining to the PJM Region and the LLC, and carry out such other duties as are herein specified, including but not limited to the following duties and responsibilities:
i) As its primary responsibility, ensure that the President, the other officers of the LLC, and Office of the Interconnection perform the duties and responsibilities set forth in this Agreement, including but not limited to those set forth in Operating Agreement, Sections 9.2, Operating Agreement, section 9.3, Operating Agreement, section through 9.4 and Operating Agreement, sSection 10.4 in a manner consistent with (A) the safe and reliable operation of the PJM Region,