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Why did the name change from the North American Electric Reliability Council to the North American Electric Reliability Corporation?

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Why did the name change from the North American Electric Reliability Council to the North American Electric Reliability Corporation?

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A separate entity, the Corporation, was created for two reasons. First, the members of the Council were the eight Regional Reliability Councils. The members of the Corporation represent a much larger cross-section of the industry. It was easier to start a new entity rather than adjust the Council’s membership structure. Second, the Council needed to continue operating while the Corporation was created and approved.

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