In renewable energy: the Corporation incorporated upon the initiative of the DOE composed of all Wholesale Electricity Spot Market (WESM) Members and whose Board of Directors will be the PEM Board [Section 4(ll), RE Act of 2008; Section 3(pp), Rules and Regulations Implementing Republic Act No. 9513]
Note: Under the IRR, “Corporation” is written as “corporation” and “PEM Board” is written as the “PEMC Board”.