FERC last week approved bylaw changes allowing SPP to add up to three seats to the RTO’s Board of Directors.
The revisions also incorporate corresponding modifications to quorum and voting requirements, effective Aug. 15.
SPP’s board is currently comprised of seven independent directors, including President Nick Brown. The RTO says expanding its board to up to 10 persons would “foster a measure of flexibility” and further director succession planning, “with due consideration given to director tenure, knowledge sharing and risk management.”
SPP’s Corporate Governance Committee recommended the revisions in April, when they were approved by the Members Committee.
Brown said last month the governance committee will be evaluating the results of a solicitation for board candidates, the first such search SPP has conducted in seven years. The committee will discuss the issue further during its Aug. 27 meeting.
— Tom Kleckner