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Bifurcation Update

Bifurcation Update . Standing Committee Meetings Salt Lake City Hardware Building March 26-28, 2013. Agenda. 2014 Draft Budget Strategic Planning Initiative Update. 2014 Draft Budget. Strategic Planning Initiative. WECC will bifurcate into: Reliability Coordination Company (RCCo) WECC

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Bifurcation Update

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  1. Bifurcation Update Standing Committee Meetings Salt Lake City Hardware Building March 26-28, 2013

  2. Agenda • 2014 Draft Budget • Strategic Planning Initiative Update

  3. 2014 Draft Budget

  4. Strategic Planning Initiative • WECC will bifurcate into: • Reliability Coordination Company (RCCo) • WECC • GNC, FAC, and HRCC continue working on aspects of structure, governance, funding, and resourcing of the two entities

  5. Progress – Governance • Reliability Coordination Company (RCCo) • Independent Board (seven members) • Member Advisory Committee (MAC) • RCCo CEO search process now underway • Interim Board Committee (three members) elected • WECC • Independent Board (nine members) • MAC

  6. RCCO – Interim Board Committee • Candidates included current and former WECC Board members • Will become members of RCCo Board post-bifurcation • Elected during the March meeting • Graham Edwards – WECC NAD • John Meyer – WECC NAD • Brian Silverstein – Former Class 1 Director, IBC Chair

  7. Transition Plans • Board approved the transition plan for the WECC Board and the MAC • Election of Class 1 – 5 MAC representatives during June Annual Meeting • Board approved revisions to the transition plan for the RCCo MAC • Elect Class 1 – 5 MAC representatives and member class directors during June Annual Meeting

  8. Bifurcation Funding • FERC wants the strategic planning initiative to succeed and is interested in how to make this happen • FERC staff is following this process closely and giving it critical thought while working collaboratively with WECC Legal • Petition for Declaratory Order- filed March 12

  9. Next Steps • Member outreach March – June • Bylaws Approval • Member Approval of certain aspects of amended WECC Bylaws • Board approval of the new RCCo Bylaws • Board and MAC formation for both companies • Recruitment of CEOs for RCCo and WECC • Regulatory Approvals • Delegation Agreement • Business Plans and Budgets

  10. Calendar • April 16 – Special Board meeting • June 26-28 – Annual meeting • September 18-20 – Board meeting • December 4-6 – Board meeting • January 1, 2014 – RCCo established

  11. Melanie M. Frye Vice President, Operations and Planning mfrye@wecc.biz Questions?

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