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Governing Documents Revisions • January 19th, 2016

Proposed Clean-Up, Clarification and Corrections to Governing Documents SECOND READ PROPOSED REVISIONS – FURTHER REVISEDDated: January 19 2016For Discussion at GDECS January 22, 2016 Agreement, Attachment, Section, Title Current Language Proposed Revisions Rationale 1. Tariff, Attachment K- Appendix, §§ 1.3.5.01 and 1.3.2A.03(Definitions)Operating Agreement, Schedule 1, §§1.3.5.01 and 1.3.2A.03 (Definitions) N/A 1.3.5.01 “FTR Holder”Proposed at 10/23 and 12/11 GDECS(1.3.5.01) “FTR Holder” shall mean the PJM Member that has acquired an FTR in an FTR Auction or by any other means.Revised for the 1/22 GDECS Meeting(1.3.5.01) “FTR Holder” shall mean the PJM Member that has acquired and possesses an FTR. The term FTR holder or holder of FTR is used throughout the Tariff and OA. However, the term is not defined. Thus we are adding a definition and will use the defined term in all places where “FTR holder”, “holder of FTRs” or holder of Financial Transmission Rights” currently exists, excep

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