Update on Certification of EEC AVs and Designees

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As announced in the July 21, 2023 announcement, EEPs (Equity-Eligible Persons) that currently serve as the majority-owner of an EEC (Equity Eligible Contractor) AV may not submit additional requests to certify EEC AVs for which they serve as the majority-owner EEP, except for the case of Single-Project AVs. The IPA has received inquiries requesting if EEPs are permitted to register a company that is an EEC as both an AV and Designee. A single EEC may register as both an AV and a Designee within in the Program. An EEP may serve as the majority owner of an EEC AV that is also registered as a Designee, but may not serve as majority owner of a second company to register that company as an EEC Designee. To clarify further, an EEP may only serve as an EEP for one EEC-certified company. The IPA has concluded that it does not further the objectives of the Equity Accountability System for an individual EEP to serve as the majority-owner for multiple Equity Eligible Contractors, whether these EECs are AVs or Designees. EEPs that currently serve as the majority-owner of an Equity Eligible Contractor AV or Designee may not submit additional requests to certify more than one company for which they are a majority owner as an EEC. The IPA will incorporate this approach into the Draft Long-Term Plan being published for public comment on August 15, 2023, but will also apply it immediately, so as to avoid having to revoke any Equity Eligible Contractors certifications that may otherwise be approved before consideration of the issue by the ICC. Stakeholders are welcome to provide feedback through comments on the Draft Long-Term Plan.