ELIABILITY ORPORATION SERC R C Board of Directors Meeting Agenda June 24, 2021 | 9:00 a.m.-2:00 p.m. Eastern Attendee WebEx: Join Meeting Password: SERC-62021* 1. Call to Order and Welcome, Todd Hillman, Board Chair 2. Administrative Items a. Safety and Security Guidelines b. Introduction and Establish Quorum c. Antitrust Guidelines d. Confidentiality Requirements e. Fiduciary Duties 3. Chair’s Report, Todd Hillman, Board Chair 4. President’s Report, Jason Blake, President and CEO 5. Consent Agenda a. Approve Minutes of March 31, 2021 Board of Directors Meeting b. Approve Agenda 6. Board Committee Reports a. Nominating and Governance Committee, Tim Lyons, Chair b. Human Resources and Compensation Committee, Doug Lego, Chair c. Risk Committee, Deborah Wheeler, Chair d. Finance and Audit Committee, Lisa Johnson, Chair i. Approve changes to Cash Investment Policy ii. Review Q1 Unaudited Financial Statements 7. 2022 Business Plan and Budget, George Krogstie, Chief Financial Officer and Corporate Treasurer a. Approve submittal of 2022 Business Plan and Budget b. NEL Funding Allocation (Information Only) BREAK (10:45-10:55 a.m.) 8. Adopt SERC Regional Reliability Standard, Gaurav Karandikar, Manager, RAPA and Technical Services 9. Hurricane Preparedness and Storm Recovery, Bill Peterson, Manager, Outreach & Training 10. Align Rollout, Todd Curl, Senior Manager, Compliance Monitoring 11. Facility Ratings Outreach, Andrew Williamson, Director, Reliability Assurance 3701 Arco Corporate Drive, Suite 300, Charlotte, NC 28273 • Office: 704-357-7372 • Fax: 704-357-7914 • www.serc1.org Page 2 12. FERC Update, Cynthia Pointer, Director, Division of Cyber Security, Office of Electric Reliability, Federal Energy Regulatory Commission (written report included in agenda package) 13. Technical Committee Reports, Gaurav Karandikar, Manager, RAPA and Technical Services (written reports included in agenda package) 14. Regulatory Update, Holly Hawkins, Vice President and General Counsel (written report included in agenda package) 15. Future Meetings a. September 23, 2021 – WebEx/Charlotte, NC b. December 15, 2021 – WebEx/Charlotte, NC c. March 30, 2022 – Savannah, GA 16. Executive Session 17. Adjourn Attachment 1 SERC RELIABILITY CORPORATION SERC BOARD OF DIRECTORS Todd Hillman, Chair RTO/ISO/RC Sector Midcontinent Independent System Operator Senior Vice President and Chief Customer Officer Pandelis (Lee) Xanthakos, Vice-Chair Investor-Owned Utility Sector Dominion Energy South Carolina Vice President, Electric Transmission Lonni Dieck, Lead Independent Director Independent Director Jason Blake, Ex-Officio SERC Reliability Corporation President & CEO Shirley Bloomfield Independent Director National Telecommunications Cooperative Association Chief Executive Officer Roger Clark Cooperative Sector Associated Electric Cooperative, Inc. Sr. Vice President and Chief Commercial Officer, Engineering & Operations Brad Cox Marketing Sector Tenaska Power Services, Co. Vice President Regulatory Affairs and Compliance James (Bob) Dalrymple Federal/State Sector Tennessee Valley Authority Senior Vice President, Resource Management & Operations Services Greg Ford Cooperative Sector Georgia System Operations Corporation President and CEO Venona Greaff Merchant Electricity Generator Sector Occidental Chemical Corporation Senior Energy Analyst Page 2 Lisa Johnson Cooperative Sector Seminole Electric Cooperative CEO and General Manager Doug Lego Municipal Sector Municipal Electric Authority of Georgia Vice President & Chief Administrative Officer Tim Lyons Municipal Sector Owensboro, KY Municipal Utilities Director of Delivery Robert McGarrah Municipal Sector City of Tallahassee General Manager Manny Miranda Investor-Owned Utility Sector Florida Power & Light Company Vice President of Power Delivery Nelson Peeler Investor-Owned Utility Sector Duke Energy Carolinas, LLC Senior Vice President, Transmission and Fuels Strategy and Policy Shawn Schukar Investor-Owned Utility Sector Ameren Services Company President Ameren Transmission Company Arnold Singleton Federal/State Sector South Carolina Public Service Authority Senior Vice President Power Delivery Deborah Wheeler Independent Director Delta Airlines, Inc. Chief Information Security Officer Page 3 SERC STAFF Holly Hawkins, Facilitator Vice President, General Counsel & Corporate Secretary Barbara Ecton Sr. Executive Assistant George Krogstie CFO & Corporate Treasurer Tim Ponseti Vice President, Operations Rebecca Poulsen Senior Legal Counsel Brian Thumm Vice President, Performance Improvement & Risk Management Attachment 2 SERC RELIABILITY CORPORATION ANTITRUST COMPLIANCE GUIDELINES I. GENERAL It is the policy and practice of SERC Reliability Corporation (SERC) to obey the antitrust laws and to avoid all conduct that unreasonably restrains competition. This policy requires the avoidance of any conduct that violates, or which might appear to violate, the antitrust laws. Among other things, the antitrust laws forbid any agreement between or among competitors regarding prices, availability of service, product design, terms of sale, division of markets, allocation of customers or any other activity that unreasonably restrains competition. It is the responsibility of every SERC participant and members of SERC staff who may in any way affect SERC’s compliance with the antitrust laws to carry out this commitment. Failure to observe this commitment will result in serious consequences to such SERC participants or members of SERC staff, as the case may be. For example, SERC may refuse to allow a SERC participant to participate in SERC activities if such participant refuses to comply with these guidelines. Antitrust laws are complex and subject to court interpretation that can vary over time and from one court to another. The purpose of these guidelines is to alert SERC participants and members of SERC staff to potential antitrust problems and to set forth policies to be followed with respect to activities that may involve antitrust considerations. In some instances, the SERC policy contained in these guidelines is stricter than the applicable antitrust laws. Any SERC participant or member of SERC staff who is uncertain about the legal ramifications of a particular course of conduct or who has doubts or concerns about whether SERC’s antitrust compliance policy is implicated in any situation should consult SERC’s legal counsel immediately. Any participant or member of SERC staff who observes an improper discussion at any SERC meeting should immediately raise the issue with whoever is in charge of the meeting so that the discussion can be terminated and, if needed, appropriate advice sought. It must be remembered that even passive participation in an unlawful discussion may lead to a finding of collusion. II. PROHIBITED ACTIVITIES Participants in SERC activities (including those of its committees and subgroups) should refrain from the following when acting in their capacity as participants in SERC activities (e.g., at SERC meetings, conference calls and in informal discussions): Discussions involving pricing information, especially margin (profit) and internal cost information and participants’ expectations as to their future prices or internal costs. Discussions of a participant’s marketing strategies. Discussions regarding how customers and geographical areas are to be divided among competitors. 9/9/11 Discussions concerning the exclusion of competitors from markets. Discussions concerning boycotting or group refusals to deal with competitors, vendors or suppliers. Any other matters that may fall within these guidelines as prohibited activities should be brought to the attention of SERC’s legal counsel before being discussed. III. ACTIVITIES THAT ARE PERMITTED From time to time decisions or actions of SERC (including those of its committees and subgroups) may have a negative impact on particular entities and thus in that sense adversely impact competition. Decisions and actions by made SERC (including its committees and subgroups) should only be undertaken for the purpose of promoting and maintaining the reliability and adequacy of the bulk power system. If there is not a legitimate purpose for discussing a matter that is consistent with this objective, please refrain from discussing the matter during SERC meetings and in other SERC-related communications. SERC participants and members of SERC staff should also ensure that SERC policies and procedures, including those set forth in the SERC Bylaws are followed in conducting SERC business. Other procedures that may be applicable to a particular SERC activity include, but are not necessarily limited to, the following: Delegation Agreement between the North American Electric Reliability Corporation (NERC) and SERC NERC Rules of Procedure NERC Compliance Monitoring and Enforcement Program SERC Compliance Program Procedures SERC Regional Standards Development Procedure Organization and Procedures Manual for the SERC Standing Committees In addition, all discussions in SERC meetings and other SERC-related communications should be within the scope of mandate for or assignment to the particular SERC committee or subgroup, as well as within the scope of the published agenda for the meeting. No decisions should be made nor any actions taken in SERC activities for the purpose of giving an industry participant or group of participants a competitive advantage over other participants. In particular, decisions with respect to setting, revising, or assessing compliance with SERC