Separate Board Commitment. At closing and thereafter, Oncor Electric Delivery Company LLC (“Oncor”) will have a separate board of directors that will not include any employees of Berkshire Hathaway Energy Company (“BHE”) competitive affiliates in Texas, any members from the boards of directors of BHE’s competitive affiliates in Texas, or any individuals other than the Chairman of the Board of BHE with direct responsibility for the management or strategies of the competitive affiliates.
Appears in 3 contracts
Sources: Oncor Letter Agreement (Oncor Electric Delivery Co LLC), Merger Agreement (Berkshire Hathaway Energy Co), Oncor Letter Agreement (Berkshire Hathaway Energy Co)