(a) The Independent System Operator governing board shall be composed of a five-member
independent governing board of directors appointed by the Governor and subject to
confirmation by the Senate. Any reference in this chapter or in any other provision of law to the Independent System Operator governing board means the independent governing board appointed under this subdivision.
(b) A member of the independent governing board appointed under subdivision (a) may
not be affiliated with any actual or potential participant in any market administered
by the Independent System Operator.
(c)(1) All appointments shall be for three-year terms.
(2) There is no limit on the number of terms that may be served by any member.
(d) The Oversight Board shall require the articles of incorporation and bylaws of
the Independent System Operator to be revised in accordance with this section, and
shall make filings with the Federal Energy Regulatory Commission as the Oversight
Board determines to be necessary.
(e) For the purposes of the initial appointments to the Independent System Operator
governing board, as provided in subdivision (a), the Governor shall appoint one member
to a one-year term, two members to a two-year term, and two members to a three-year
(f) This section becomes inoperative on the date on which the governance modifications
set forth in Section 359.5 become effective and is repealed on January 1 of the following year.
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