Juan, who also sat as chief operating officer (COO) of the Philippine Electricity Market Corporation (PEMC) transition committee, since end-July last year will have a term of one year in the IEMO.
Juan, being the duly elected IEMO President, will automatically represent the market operator in the restructured PEM Board.
INDEPENDENT ELECTRICITY MARKET OPERATOR (IEMO
) 2001 'Record temperatures mean record electricity use' Backgrounder 7 August http://www.
As gathered, the most feasible candidates are the seven incorporators of the IEMO, provided that none of the four who were nominated in the Philippine Electricity Market (PEM) Board would want to be elected as independent director in the governing body that shall be reconstituted immediately after the election of the IEMO President.
Four of the incorporators were nominated for independent director-posts in the PEM governing board - namely WESM Transition Committee President Oscar Ala, Chief Operating Officer Francis Saturnino Juan, as well as transition committee members Rauf Tan and Jose Mari Bigornia, so they will have to decide if they would want to be affiliated with the IEMO or the PEM governing body.
Prior to the June 30, 2018 deadline for the IMO's commercial kick-off, it has been prescribed that PEMC shall enter into an "Operating Agreement" with the IEMO
to define as well as delineate the functions and sharing of facilities of both entities.