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The Chairman of the PEMC Board is elected by the majority of all the
members of the Board from among the independent directors. In the interim
period from the incorporation of PEMC until the transition to the
independent market operator (IMO), the PEMC Board is chaired by the
Secretary of the Department of Energy (DOE). The DOE also appoints the
member of the Board. After this interim period, the Chairman will be elected
from among the independent members of the Board, while the members
will be elected by the PEMC membership.