Common use of Type of Membership Clause in Contracts

Type of Membership. Select ONE of three available types of Membership below (that is, Corporate, Associate or Adjunct). Members who are Affiliates (as defined in the ERCOT Bylaws) may hold only one Corporate Membership among such Members. Other applicants applying for additional ERCOT Memberships, such as an Associate Membership, must use a separate Agreement for each Membership. The applicable Annual Member Dues listed below for each Membership type provide Corporate Members with voting rights pursuant to the ERCOT Bylaws and entitle Members to services ERCOT provides such as hosting ERCOT meetings, providing Members with necessary information and such other Member services as ERCOT may from time to time offer. Corporate. Voting. $2,000 per Membership Year (except Residential and Commercial Consumer Members’ Annual Member Dues are $100 per Membership Year). Corporate Membership includes the right to vote on matters submitted to the general Membership, such as election of Board Directors, election of Technical Advisory Committee (TAC) Representatives and TAC subcommittees, and amendments to the Certificate of Formation (formerly known as the Articles of Incorporation) and the ERCOT Bylaws. Residential Consumer Members do not elect a Director to represent the Residential Consumer interests as the Public Counsel is mandated to represent these interests as an ex officio Director on the Board. The Office of Public Utility Counsel (OPUC) and the appointed Residential Consumer TAC Representative shall be eligible to be Corporate Members without the payment of Annual Member Dues.