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NERC and ReliabilityFirst Corporation Request Approval of Amendments to ReliabilityFirst Corporation’s Bylaws

On November 27, 2019, in Docket No. RR19-6-000, NERC and ReliabilityFirst Corporation submitted a joint petition for the approval of amendments to ReliabilityFirst Corporation’s Bylaws. The proposed amendments involve: (1) selection of a lead Independent Director; (2) appointment of the ReliabilityFirst Chief Executive Officer (“CEO”) as a non-voting ex officio Board member; (3) establishment of term limits for ReliabilityFirst Board (“Board”) members, and; (4) amendment of Board voting requirements to approve the ReliabilityFirst CEO’s annual compensation. ReliabilityFirst also elects to incorporate and adopt NERC’s Consolidated Hearing Process, in lieu of the current Regional Hearing Process.

 To view the joint petition, click here.