Common use of Type of Membership Clause in Contracts

Type of Membership. Check ONE type of Membership. Affiliated Entities as defined in the ERCOT Bylaws may hold only one Corporate Membership. Entities applying for additional Memberships, such as an Associate Membership, must use a separate Agreement for each Membership. The applicable fees are listed below and entitle Members to services ERCOT provides such as hosting ERCOT meetings, providing Members with necessary information and such other Member Services as may from time to time be offered. Please note that any Member may request that the Member’s Annual Member Service Fees be waived for good cause shown. Corporate. Voting. $2,000 per Membership Year (except Residential and Commercial Consumer Members fees are $100 per 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 thereof and amendments to 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.