Energy Portfolio Risk Management Policy. CPCNH’s Energy Portfolio Risk Management Policy outlines the philosophies and objectives of the CPCNH Board of Directors in governing and making decisions necessary to provide the credit support, portfolio analytics, hedging, and daily operating activities required to implement and operate Member CPA power supply services. The Board must approve amendments to the EPRM Policy. Advance written notice of Board meetings at which changes to the policy are proposed shall be sent to the principal executive officers of each Member by the CEO or Board Chair. Subsequently, any such amendment shall be sent to the principal executive officers of each Member by the CEO or Board Chair. Pursuant to the policy, CPCNH’s Risk Management Committee is responsible for ensuring the development and maintenance of CPCNH’s Energy Portfolio Risk Management Regulations (“EPRM Regulations”) to expand on the roles, strategies, controls, and authorities authorized in the policy to form a comprehensive energy risk management program. After the EPRM Regulations are initially approved by the Board, the regulations may be amended with approval of the CEO, in consultation with the RMC, provided that the CEO sends prompt written notice to the Board of any such amendments. The Member may directly participate on CPCNH’s Board of Directors and Risk Management Committee pursuant to the Joint Powers Agreement.
Appears in 4 contracts
Samples: Cost Sharing Agreement, Cost Sharing Agreement, Cost Sharing Agreement
Energy Portfolio Risk Management Policy. CPCNH’s Energy Portfolio Risk Management Policy outlines the philosophies and objectives of the CPCNH Board of Directors in governing and making decisions necessary to provide the credit support, portfolio analytics, hedging, and daily operating activities required to implement and operate Member CPA power supply services. The Board must approve amendments to the EPRM Policy. Advance written notice of Board meetings at which changes to the policy are proposed shall be sent to the principal executive officers of each Member by the CEO or Board Chair. Subsequently, any such amendment shall be sent to the principal executive officers of each Member by the CEO or Board Chair. Pursuant to the policy, CPCNH’s Risk Management Committee is responsible for ensuring the development and maintenance of CPCNH’s Energy Portfolio Risk Management Regulations (“EPRM Regulations”) to expand on the roles, strategies, controls, and authorities authorized in the policy to form a comprehensive energy risk management program. After the EPRM Regulations are initially approved by the Board, the regulations may be amended with approval of the CEO, in consultation with the RMC, provided that the CEO sends prompt written notice to the Board of any such amendments. The Member may directly participate on CPCNH’s Board of Directors and Risk Management Committee pursuant to the Joint Powers Agreement.
Appears in 3 contracts
Samples: Cost Sharing Agreement, Cost Sharing Agreement, Cost Sharing Agreement
